Gordon76
English expat in Cyprus
Forum posts
66
About me
English
Registration: 10 November 2024
Activity
Cyprus tax plans by telf
Cyprus' tax-free income threshold is set to rise to €20,500 per year, following the announcement of a set of sweeping tax reform plans by President Nikos Christodoulides on Tuesday.The plans will see the minimum earnings threshold to pay income ...
Several countries are operating forms of a wealth taxhttps://taxfoundation.org/data/all/eu/wealth-taxes-europe-2024/In the UK case IMO Labour might find themselves soon squeezed into a cash strapped cornerAgain IMO one should consider circa 500K to ... Read More
Cyprus tax plans by telf
Cyprus' tax-free income threshold is set to rise to €20,500 per year, following the announcement of a set of sweeping tax reform plans by President Nikos Christodoulides on Tuesday.The plans will see the minimum earnings threshold to pay income ...
This is Ref sending the HMRC a P85 If you are doing self assessment returns ( SA ) , then doing a P85 seems NOT the way to go according to HMRC reply by HMRC admin in link below It would seem that the HMRC say that you need to complete a SA109 form ... Read More
Cyprus tax plans by telf
Cyprus' tax-free income threshold is set to rise to €20,500 per year, following the announcement of a set of sweeping tax reform plans by President Nikos Christodoulides on Tuesday.The plans will see the minimum earnings threshold to pay income ...
Thanks again rgray27There are now real concerns amongst many that a wealth tax based upon the assets a person owns is coming eg:Wealth tax fears as Labour uses AI to value all homesThe Telegraphhttps://www.telegraph.co.uk › politics › ... Read More
Cyprus tax plans by telf
Cyprus' tax-free income threshold is set to rise to €20,500 per year, following the announcement of a set of sweeping tax reform plans by President Nikos Christodoulides on Tuesday.The plans will see the minimum earnings threshold to pay income ...
More things to ponder and sort out and again courtesy of Blevins Franks , after latest UK budget changes , see linkUK tax in 2025 and beyond, and implications for expatriates in Cyprus1)Assets you own in the UK remain liable to UK inheritance tax, ... Read More
Cyprus tax plans by telf
Cyprus' tax-free income threshold is set to rise to €20,500 per year, following the announcement of a set of sweeping tax reform plans by President Nikos Christodoulides on Tuesday.The plans will see the minimum earnings threshold to pay income ...
@rgray27Thanks for your help and repliesI saw a youtube video on this yesterday ref " accommodation tie " it says you have a tie if you spend more than 16 days in the home of a close relative .We don't , only about 5 days max in a year , proving ... Read More
Cyprus tax plans by telf
Cyprus' tax-free income threshold is set to rise to €20,500 per year, following the announcement of a set of sweeping tax reform plans by President Nikos Christodoulides on Tuesday.The plans will see the minimum earnings threshold to pay income ...
Do you have to provide a UK Police clearance certificate when applying for an MEU1 or MEU2 ?AI says you do When applying for an MEU1 (the Registration Certificate for EU Nationals, also known as the "Yellow Slip") in Cyprus, a police clearance ... Read More
Cyprus tax plans by telf
Cyprus' tax-free income threshold is set to rise to €20,500 per year, following the announcement of a set of sweeping tax reform plans by President Nikos Christodoulides on Tuesday.The plans will see the minimum earnings threshold to pay income ...
Above is wrong we both have 2 ties it would seem Am I right in thinking it is normal procedure to become a Cyprus tax resident FIRST before informing UK Banks etc of you new status and address ?Anyone with Metro Bank ?If so did you have to close ... Read More
Cyprus tax plans by telf
Cyprus' tax-free income threshold is set to rise to €20,500 per year, following the announcement of a set of sweeping tax reform plans by President Nikos Christodoulides on Tuesday.The plans will see the minimum earnings threshold to pay income ...
Thanks Peter for the linkPeter Ty@Gordon76There is a difference between "habitual" residence (where you normally live) and tax residence, they're not necessarily the same!While you can visit the UK for up to 90 days without becoming resident for ... Read More
Cyprus tax plans by telf
Cyprus' tax-free income threshold is set to rise to €20,500 per year, following the announcement of a set of sweeping tax reform plans by President Nikos Christodoulides on Tuesday.The plans will see the minimum earnings threshold to pay income ...
Thanks to all the answers/help , very much appreciatedRefphildraper@Gordon76You need to complete a P85 on the HMRC web site when you are booked to exit the UK. This will trigger HMRC to issue a NTX tax code. Any tax previously paid in the tax year ... Read More
Cyprus tax plans by telf
Cyprus' tax-free income threshold is set to rise to €20,500 per year, following the announcement of a set of sweeping tax reform plans by President Nikos Christodoulides on Tuesday.The plans will see the minimum earnings threshold to pay income ...
Apologies for hogging the thread at the moment but I am starting to get excited at the prospect of moving to CyprusI am coming out to Cyprus for 31 days starting early Feb 2026 for a look around the Peyia area , following on from what rgray27 has ... Read More
Cyprus tax plans by telf
Cyprus' tax-free income threshold is set to rise to €20,500 per year, following the announcement of a set of sweeping tax reform plans by President Nikos Christodoulides on Tuesday.The plans will see the minimum earnings threshold to pay income ...
I have been looking at N&I income bonds which are paid monthly and ONLY into a UK bank and sit at circa 4%These can be opened on line so presumably you can open one( or more as there are several fixed terms on offer) after you get Cyprus tax ... Read More
Cyprus tax plans by telf
Cyprus' tax-free income threshold is set to rise to €20,500 per year, following the announcement of a set of sweeping tax reform plans by President Nikos Christodoulides on Tuesday.The plans will see the minimum earnings threshold to pay income ...
Hi rgray27I will be applying via an MEU1 and my partner by an MEU2My understanding is via AI Google that I can visit the UK for up to 90 days in any 180 day period AI OverviewWith an MEU1 (a temporary residence permit for EU citizens) in Cyprus, ... Read More
Cyprus tax plans by telf
Cyprus' tax-free income threshold is set to rise to €20,500 per year, following the announcement of a set of sweeping tax reform plans by President Nikos Christodoulides on Tuesday.The plans will see the minimum earnings threshold to pay income ...
For avoidance of any doubtI have no outstanding monies owing to the HMRCI do anticipate however needing to recoup some HMRC payments when we plan to make our move to Cyprus at the end of April next year after my partner has received her second FULL ... Read More
Cyprus tax plans by telf
Cyprus' tax-free income threshold is set to rise to €20,500 per year, following the announcement of a set of sweeping tax reform plans by President Nikos Christodoulides on Tuesday.The plans will see the minimum earnings threshold to pay income ...
Presumably if Starmer takes the UK back into the EU as polls now suggest the vote would be reversed in a new referendum , the trickle now would become a floodCould EU individual member states place restrictions on how many get granted residence ? ... Read More
Cyprus tax plans by telf
Cyprus' tax-free income threshold is set to rise to €20,500 per year, following the announcement of a set of sweeping tax reform plans by President Nikos Christodoulides on Tuesday.The plans will see the minimum earnings threshold to pay income ...
Many Brits are now finding themselves having to pay increasing taxes on their savings due to UK pension payment so very close to the tax free 12,500 pounds allowance and interest rates being better after circa 6 or 7 years on next to nothing Hence ... Read More