Am still trying to get my head round declaring UK house rental on my Cyprus tax return,
plus a few other things so I will list below and maybe I can get some direct answers which would be most helpful
We are tax resident in Cyprus
We have filled out the Non resident Landlord form and also the form DT/I for the dual taxation treaty.
Now and this is what I cant get my head round.
I do a UK tax self assessment return yearly for myself and husband and always include the uk rental, with various deductions - repairs, wear and tear etc it is under the tax threshold.
I also declare our savings and pensions, so all in order there.
My question is when I do a Cyprus tax return should I include my rental income from UK on it, if I do it will bring it well over the tax threshold,
My reason for asking is this:--
This will be our fourth Cyprus tax return, the first time we went to a Tax accountant (well recommended), gave all the details about Uk rental etc and our ISA saving,
the accountant penciled through everything except the declaration of our government and private pension, the rental income was not included, neither were our savings.
the use of the official exchange rate as per Cyprus tax office was ignored and an exchange rate "made up" to keep us under the 19500 euro threshold, we were novices in those days and just accepted what we were told by the accountant, being wiser now we would like to get it right and keep it so
the same things happened the year after so since then we have done them ourselves and just declared our pensions, but having read and talked to various folks I am thinking they were done incorrectly in the first place by the accountant and we just followed on with that ourselves.
So - can someone please tell me is it necessary to declare UK rental on a Cyprus tax return, along with any uk savings we declare on the Uk tax return.
I understand the concept of the dual taxation treaty but not sure how it all fits together
Any help on this I would greatly appreciate, and sorry it is so convoluted,
Thanks
Ladybird