Can non residents still rent out property

General questions & discussions on Cyprus property related matters
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howardinuk
Posts: 22
Joined: 04 Sep 2017 17:29

Can non residents still rent out property

Post by howardinuk »

Hi All,

I hope everyone is well in these dangerous times.

An interesting question :

When the UK was a member of the EU, a non Cyprus resident who owned a Cyprus property could rent out the said property on a full time tenancy etc.

Does anyone know what the situation is now the UK is no longer in the EU?

Thank you.

howard
Nigel Howarth
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Joined: 24 Oct 2007 14:38
Location: Erimi, Limassol, Cyprus
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Re: Can non residents still rent out property

Post by Nigel Howarth »

Hi Howard

Non-EU citizens renting their property long-term is not a problem.

Regards,
Nigel Howarth
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
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howardinuk
Posts: 22
Joined: 04 Sep 2017 17:29

Re: Can non residents still rent out property

Post by howardinuk »

Thank you Nigel. Good to know.

Best wishes from Lockdown UK.
howardinuk
Posts: 22
Joined: 04 Sep 2017 17:29

Re: Can non residents still rent out property

Post by howardinuk »

Hi Nigel,

I trust you are OK and coping with Lockdown.

Just a quickie. Do you know a reliable Accountant who can advise on the tax situation of a non resident paying tax on a rented out Cyprus property I own? I currently declare everything in the Uk.

Many thanks

Howard
Nigel Howarth
Site Admin
Posts: 2905
Joined: 24 Oct 2007 14:38
Location: Erimi, Limassol, Cyprus
Contact:

Re: Can non residents still rent out property

Post by Nigel Howarth »

Hi Howard

Paul Britton at Articrest will be able to advise you.

You need to declare your rental income in your UK tax return, but this can be offset by whatever you have to pay to the Tax Department in Cyprus.

Cheers

Nigel
Nigel Howarth
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
Read the latest Cyprus property news
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