Buying a holiday home in Cyprus
#1
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Joined: Nov 2021
Posts: 2
Buying a holiday home in Cyprus
I'm currently transferring the title deeds to my late parents' Cypriot home into my name and it will be a holiday home only. We are not considering Airbnb usage, but perhaps friends and family making use of it.
My question is whether we would be expected to submit an annual tax return to the Cyprus Inland Revenue, even if it were a zero return?
I understand UK tax returns; I'm specifically asking about Cyprus.
We would only be visiting under the post-Brexit 90 day max rule.
My question is whether we would be expected to submit an annual tax return to the Cyprus Inland Revenue, even if it were a zero return?
I understand UK tax returns; I'm specifically asking about Cyprus.
We would only be visiting under the post-Brexit 90 day max rule.
#2
Re: Buying a holiday home in Cyprus
I really wouldn't rely on a forum for information like this, with the potential to be very costly to you, if you receive wrong advice. In your shoes, my first port of call would be HMRC website or a call to their helpline (as you would remain tax resident in the UK).
#3
Just Joined
Thread Starter
Joined: Nov 2021
Posts: 2
Re: Buying a holiday home in Cyprus
I really wouldn't rely on a forum for information like this, with the potential to be very costly to you, if you receive wrong advice. In your shoes, my first port of call would be HMRC website or a call to their helpline (as you would remain tax resident in the UK).