We are thinking of buying a re-sale property in Cyprus
Posted: 02 Jun 2013 18:20
Hello everyone,
We are new to this forum.
We have seen a lovely property for sale in Cyprus and are looking to see if we can afford it. It already has its title deeds.
I am retiring early (51 years of age) and want to move to the sun.
The cost is abut €400,000.
We have had a look on a number of websites and all seem to give differing advice.
Can anyone give us some idea of how much the following would roughly be?
Transfer Tax
Stamp Duty
Survey
Legal Fees
How much would IPT cost us every year?
We also have a couple of properties back in the UK. Can we taxed on UK assets?
I will be getting a pension from the UK. Will we have to pay double tax, one in the UK another lot in Cyprus? So many questions.
We will obviously be instructing a lawyer but a bit of a heads up from people who have already been there and done it and continue to do it would be very much appreciated.
Also any other advice around possible pitfalls especially after all the recent bad news around the bailouts and taking money from savings. Wherever we live in the EU there are hard times to come so are still very keen n Cyprus.
We have ordered Nigel's book and eagerly await its arrival which I am sure will answer some of the above.
We are new to this forum.
We have seen a lovely property for sale in Cyprus and are looking to see if we can afford it. It already has its title deeds.
I am retiring early (51 years of age) and want to move to the sun.
The cost is abut €400,000.
We have had a look on a number of websites and all seem to give differing advice.
Can anyone give us some idea of how much the following would roughly be?
Transfer Tax
Stamp Duty
Survey
Legal Fees
How much would IPT cost us every year?
We also have a couple of properties back in the UK. Can we taxed on UK assets?
I will be getting a pension from the UK. Will we have to pay double tax, one in the UK another lot in Cyprus? So many questions.
We will obviously be instructing a lawyer but a bit of a heads up from people who have already been there and done it and continue to do it would be very much appreciated.
Also any other advice around possible pitfalls especially after all the recent bad news around the bailouts and taking money from savings. Wherever we live in the EU there are hard times to come so are still very keen n Cyprus.
We have ordered Nigel's book and eagerly await its arrival which I am sure will answer some of the above.