Hello, have read the very comprehensive article on CGT:
https://www.news.cyprus-property-buyers ... s/id=00149
CGT allowances - Main residence exemptions
CGT allowances - Main residence exemptions
Last edited by Krissk on 26 Jul 2024 11:22, edited 2 times in total.
-
Nigel Howarth
- Site Admin
- Posts: 3064
- Joined: 24 Oct 2007 12:38
- Location: Erimi, Limassol, Cyprus
- Contact:
Re: CGT allowances - Main residence exemptions
Hi Krissk
The seller is going to run into problems!
As soon as you become resident in Cyprus (MEU1) you are required to register with the Tax Department at which point your worldwide income taxable in Cyprus.
But the vendor is a non tax resident in Cyprus and has been avoiding tax.
The authorities take a dim view of this!!!
Regards,
The seller is going to run into problems!
As soon as you become resident in Cyprus (MEU1) you are required to register with the Tax Department at which point your worldwide income taxable in Cyprus.
But the vendor is a non tax resident in Cyprus and has been avoiding tax.
The authorities take a dim view of this!!!
Regards,
Nigel Howarth
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
Read the latest Cyprus property news
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
Read the latest Cyprus property news