Spring Changes - Tax Saving in Cyprus & UK for Expats
Sam Orgill of ProACT Partnership with Tax Saving Tips ARISING from the Budget Affecting Pensions Property & Investment for EXPATS
Spring is here and along with it a new broom brings more tax changes and tax saving opportunities for Expats. Changes have come from the UK e annual tax budget , while Cyprus has introduced more changes to Permanent Residency Rules for Cyprus Property Owners.
Meanwhile Property Transfer Tax remains discounted for 2016 offer large tax saving for expats with Cyprus property contracts of sale – but no title deeds yet.
Expat Tax Saving Checklist
Expat Tax Saving Checklist
Sam Orgill of ProACT Partnership with Tax Saving Tips for Expats
Expat Savers can make more tax savings following changes in the UK and Cyprus Taxes.
Tax Savings can extend to inheritance following changes to Wills and Inheritance tax rates in the UK.
Cyprus Tax on Savings
If you are Cyprus Tax resident but not domiciled in Cyprus, then you have 0% Saving taxes (Defence Levy) to pay. This tax saves 30% on interest and 17% on dividends. Whether the income is earned in Cyprus or abroad.
Pension Life Certificate Required by Your Pension Provider ?
PROACT PARTNERSHIP TAX SAVING EXPAT EXPERTS CAN HELP !!
Pension providers are currently sending our requests for a completed Life Certificate required to allow them to continue to pay your pension. Dont lose your pension. This is a routine audit requirement for people living and working abroad. You must confirm your name and address details, sign and have your signature certified on the certificate before returning to your pension provider within 8 weeks
Spring Changes - Tax Saving in Cyprus & UK for Expats
Spring is here and along with it a new broom brings more tax changes and tax saving opportunities for Expats. The UK has the annual tax budget on March 16th, while Cyprus has introduced more changes to Permanent Residency Rules for Cyprus Property Owners. Meanwhile Property Transfer Tax remains discounted for 2016 offer large tax saving for expats with Cyprus property contracts of sale – but no title deeds yet.
Savings Taxes Removed in Cyprus for Expats
Tax Saving as Defence Tax Removed for Non Dom Expat in Cyprus
Happy New Year - Defence Savings Taxes are reduced from 30% to 0% for Expats Living and Working Abroad in Cyprus who qualify for the new 'non-dom' tax status for Expats.
Defence levy Savings taxes are now 0% for all non-domiciled Expat Cyprus investors and tax residents for savings, dividends, investments, property rental income and investments.
Free Review – Inheritance & Saving Taxes
ProACT offer a Free Review of your family situation. Expats must make written changes of your Will if you want to use the succession rules of your home country. But consider the impact on inheritance tax at 40% in the UK or other countries. Consider who you want to benefit in your Will, is this possible with your arrangements?
How do you need to change your savings and investments to save tax on defence levy for bank interest, dividends, property rental?
