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Claiming the VAT back from my property purchase

Posted: 26 Aug 2011 13:33
by September
I have a list of all the documentation I need to reclaim the VAT I have paid, but on this list it says that I have to prove I live here all the time by being registered with immigration. I have been told by immigration that I cannot register until I can prove I have health cover. I have applied for an S1. I work for a UK company, doing their accounts by email, I am paid into an UK bank account and pay tax and NI contributions. Occasionally I have to return to the UK to present accounts, usually every 3/4 months. I am told by the UK I am not entitled to health cover by them as I work in Cyprus, I am told, and I have to agree, by Cyprus that I am not entitled to health cover by them ( I do not work for a Cypriot company and I pay tax & NI to the UK )


Where do I go from here ? I feel like I am on a merry-go-round.

Re: Claiming the VAT back from my property purchase

Posted: 26 Aug 2011 15:39
by Pantheman
September wrote:I have a list of all the documentation I need to reclaim the VAT I have paid, but on this list it says that I have to prove I live here all the time by being registered with immigration. I have been told by immigration that I cannot register until I can prove I have health cover. I have applied for an S1. I work for a UK company, doing their accounts by email, I am paid into an UK bank account and pay tax and NI contributions. Occasionally I have to return to the UK to present accounts, usually every 3/4 months. I am told by the UK I am not entitled to health cover by them as I work in Cyprus, I am told, and I have to agree, by Cyprus that I am not entitled to health cover by them ( I do not work for a Cypriot company and I pay tax & NI to the UK )


Where do I go from here ? I feel like I am on a merry-go-round.
The simple answer is to take out private health care cover.

It will save you a lot of aggro.

Re: Claiming the VAT back from my property purchase

Posted: 27 Aug 2011 18:02
by September
It will also cost me alot of money. I have had some health issues in the past and because of them I have been quoted an arm a leg and both kidneys !

Re: Claiming the VAT back from my property purchase

Posted: 27 Aug 2011 18:15
by Pantheman
September wrote:It will also cost me alot of money. I have had some health issues in the past and because of them I have been quoted an arm a leg and both kidneys !
So work out the cost of 1 year cover to get your vat against what you stand to gain from it. If the vat exceeds the medical (which I expect) then you are on a winner, failing that, do not claim the vat.

There are no other answers.

Re: Claiming the VAT back from my property purchase

Posted: 27 Aug 2011 18:40
by Nigel Howarth
Hi September and welcome to the forum,

One other thing to bear in mind. If you manage to obtain permanent residence status, you will need to register with the Inland Revenue department and pay local income tax on your world-wide income if you are resident in Cyprus for more than 183 days/year.

Regards,

Re: Claiming the VAT back from my property purchase

Posted: 01 Feb 2012 15:54
by liverbird
Hi ,,,,How long do you have to claim your VAT back after you purchase your property ?

Thanks in advance

Re: Claiming the VAT back from my property purchase

Posted: 02 Feb 2012 06:14
by Nigel Howarth
Hi liverbird & welcome to the forum.

If you are permanently resident here, I believe you need to apply for the VAT grant within one year of taking delivery of the property.

Best to double-check this with your lawyer.

Regards,