CyprusLiving

by **The Shuttle** » 02 Feb 2016 20:53

Hi everyone

as of tomorrow I will be 65, my question is if I live full time in Cyprus full time will I be better off tax wise or should I be based mainly in U.K.

thanks

Mick

**Sponsor**

by **trevnhil** » 02 Feb 2016 21:50

Mick the LAW is that if you live in Cyprus more than 183 days a year you Have to pay tax here on your worldly income.

But it is a better deal here. You have a personal allowance of €19,500

Trev..

by **Mike Strand** » 03 Feb 2016 08:39

It's not just the tax free allowance, it's also the much lower property tax (UK Council Tax), annual road tax. Whilst food and clothing are slightly more expensive than in the UK, the current foreign exchange rate makes this a minor downside.

by **DILYON** » 03 Feb 2016 16:45

HAPPY BIRTHDAY MICK

dIL

by **ASHTON** » 03 Feb 2016 23:38

I understand that you do not pay tax on dividends or bank interest here that derives from the UK.If your a resident here of course

by **lion** » 04 Feb 2016 07:50

pattman wrote:Hi everyone

as of tomorrow I will be 65, my question is if I live full time in Cyprus full time will I be better off tax wise or should I be based mainly in U.K.

thanks

Mick

Why not go and a tax accountant and take professional advice?

by **cat4** » 04 Feb 2016 13:59

Would you still have to pay tax to the UK government on private pension income, though??

by **ASHTON** » 04 Feb 2016 17:46

cat4 wrote:Would you still have to pay tax to the UK government on private pension income, though??

If you are a tax resident in Cyprus then any private UK pension is taxed here.

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