I have never been very good at understanding taxation and reading about the proposed change in the double taxation agreement has me totally bamboozled.
Some people are saying, they will be better off if their civil service pensions are taxed in the UK as this will bring them under the tax threshold in both countries - does this mean you can claim the personal allowance in UK and Cyprus?
Having been in Cyprus for a year and registered to pay tax here does this mean if I now decide to let out my UK property I can claim the income against the personal allowance?
Haven't heard about proposed changes!
I have been paying tax here for 8 years and can give you an insight, happy to discuss but don't want to post personal info so if you want to mail me we can arrange to speak over the phone.
Thanks for the article Nigel , I think I am one of the lucky ones . I have just started getting my state pension and added to my Nhs and company pension would have taken me over the Cyprus tax allowance ( only by a small amount ) .
wow thanks!!! after 24 years ,countless tours, two fooked knees and lower back issues.. the government find yet other way of making my day c**p!!! at lest its still sunny.. really upsets me that i have to pay tax on a pension to then pay for somebodies state pension who have never worked ..
"Have just been talking with a friend who has resided in Spain for nearly 20 years. He pays tax on his military pension at source but can claim the personal tax allowance despite being registered to pay tax in Spain.
Interestingly, his old age pension is taxed in Spain where he uses the Spanish personal tax allowance. He says that the Spanish tax authorities are not interested in any income where he pays tax at source in UK."
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