Mortgages are widely available in Cyprus and the terms are similar to those in the UK. However, you may require some help from our experts with the process of applying for your mortgage. We will gladly give independent advice and assistance with your mortgage application from a Cypriot bank.
Main Characteristics of Mortgages in Cyprus
Most commercial banks in Cyprus are authorized to offer mortgage facilities to locals as well as foreign nationals. Loans are based on the purchaser pro...
In Cyprus there is No Estate Duty or Inheritance Tax on Death.But if you are an owner of property in Cyprus who is resident in the UK, or even if not a resident deemed to be domiciled in the UK, then UK Inheritance Tax has to be paid to the HMRC.
In the UK, inheritance tax is charged at 40% on assets worth more than £300,000 that someone leaves behind when they die, unless it is left to a spouse.
But when the spouse died the same £300,000 rate applied. There were already ways of mi...
Cyprus is very unique when it comes to the taxation aspects of living on the island. Cyprus has conducted treaties for the avoidance of double taxation with the following countries: Austria, Bulgaria, Canada, China, Czech Republic and Slovakia, Denmark, France, Germany, Greece, Hungary, Ireland, Italy, Kuwait. Norway. Poland. Romania, Russia, Sweden, U.K, USA and Yugoslavia.
There are negotiations due for the ratification of treaties with Egypt, Malta, Syria, Belgium, Finland and the countries...