Search found 19 matches

by bitterlemons
01 May 2009 06:33
Forum: Kafeneion (coffee shop)
Topic: Interest on Money
Replies: 1
Views: 4399

Interest on Money

Hi Nigel, I used to understand this and now have become confused after chatting to too many people! If money I have invested in UK Bldg Soc will produce, say for example GB£1,000 interest, do I have to pay GB£100 to CY Gov for defence if I am registered for tax in CY? I cannot include it in my norma...
by bitterlemons
28 Apr 2009 07:39
Forum: General Property Questions
Topic: Selling
Replies: 3
Views: 4614

Re: Selling

Hi Nigel
Thanks - I will do that, although I am not actually thinking of selling, more curious but it is good to know these things.

Another question - when we bought the property we bought it in joint names (husand and I), would it be difficult to change add our son onto this 'ownership' ?
by bitterlemons
27 Apr 2009 19:35
Forum: General Property Questions
Topic: Selling
Replies: 3
Views: 4614

Selling

Hi Nigel This may sound a silly question but if you bought a property in CY£s and we are now in the euro, how do you work out the CGT? For example, if I bought for CY£100 and now sell for 200 euros, how much CGT will I owe after my allowance which used to be CY£10,00. I have made no improvements and...
by bitterlemons
27 Apr 2009 19:19
Forum: General Property Questions
Topic: common areas
Replies: 5
Views: 5577

Re: common areas

Dear Nigel
Once again, thanks for your excellent advice = always good to know you are there to help.
by bitterlemons
20 Apr 2009 17:21
Forum: General Property Questions
Topic: common areas
Replies: 5
Views: 5577

Re: common areas

Hi
Further to this email, are the walls which form the boundaries to the pathways and stairs common areas also? Would we need to ask our neighbours permission before putting up a high trellis on top of the wall on our side? We do not have title deeds.
by bitterlemons
16 Mar 2009 15:59
Forum: Contract Problems
Topic: Mortgage Waiver
Replies: 3
Views: 18485

Re: Mortgage Waiver

Thanks Nigel - very helpful and a relief. I was curious as I like to try and understand these things, if possible!
by bitterlemons
15 Mar 2009 15:39
Forum: Contract Problems
Topic: Mortgage Waiver
Replies: 3
Views: 18485

Mortgage Waiver

Hello Nigel A friend of ours in buying an apartment in Paphos. He is coming out in 2 weeks to make final payment and take over property. We have been answering some of his concerns and previously advised him to make sure there was no mortgage on the property. He now says his solicitor (who is indepe...
by bitterlemons
16 Oct 2008 00:16
Forum: Communal Property Management
Topic: Roof
Replies: 1
Views: 3543

Roof

Hi Nigel We live in a ground floor apartment. In our block there are only 4 apartments. In English terms we would be a ground floor maisonette. The roof of the apartment diagonally above us has problems. There is nothing in our contract about the roof and repairs to the property are not covered by t...
by bitterlemons
05 Mar 2008 20:03
Forum: General Property Questions
Topic: Green Area
Replies: 9
Views: 10292

Re: Green Area

Hi
Yes, would be interesting to know! Look forward to postings.
by bitterlemons
05 Mar 2008 20:00
Forum: Communal Property Management
Topic: Insurance of Communal Areas
Replies: 9
Views: 10973

Re: Insurance of Communal Areas

Hi
Thanks for that. We have found another one too. It is a bit of a messy grey area and grateful for you and Nigel's advice!
by bitterlemons
06 Feb 2008 12:15
Forum: Communal Property Management
Topic: Insurance of Communal Areas
Replies: 9
Views: 10973

Re: Insurance of Communal Areas

No joy there either, I'm afraid, Nigel.
by bitterlemons
29 Jan 2008 12:42
Forum: General Property Questions
Topic: Income Tax
Replies: 4
Views: 5768

Re: Income Tax

Hi Nigel
Thanks for your quick reply. That was really helpful - just sorting ourselves out at the moment after the move.
by bitterlemons
28 Jan 2008 16:53
Forum: General Property Questions
Topic: Income Tax
Replies: 4
Views: 5768

Income Tax

Hi Nigel


I am a UK resident and as such pay UK tax. I spend about 190 days a year in Cyprus, so do I still have to pay tax on the interest from my savings account in a UK building society ?

Thanks - any help would be much appriecated !
by bitterlemons
24 Jan 2008 12:56
Forum: Selling Property
Topic: capital gains or VAT?
Replies: 6
Views: 8601

Re: capital gains or VAT?

Hi Nigel
Do you have to pay a different rate of capital gains when you sell your property if it has been rented out rather than your first residence, even if you live in another property in Cyprus ? Will the builder charge more for title deeds etc if it is seen as an investment?
by bitterlemons
17 Jan 2008 12:56
Forum: Communal Property Management
Topic: Insurance of Communal Areas
Replies: 9
Views: 10973

Re: Insurance of Communal Areas

Hi I contacted a large insurance company and they said yes, no problem by email next day. I then asked if we needed a licence to get insurance cover and everything went quiet. I contacted an insurance broker who immediately sent an application form but when I mentioned if there was a need for a lice...