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Inheritance tax

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Postby turkcyp » Thu Jul 07, 2005 3:19 pm

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Last edited by turkcyp on Wed Aug 03, 2005 5:30 pm, edited 1 time in total.
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Postby sk » Thu Jul 07, 2005 3:21 pm

Turkey (( * wrote:Why don't YOU??

i would but financial reasons dont allow me to do it now,if i have to(and have the money) ,i will!
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Postby MickKnipfler » Fri Jul 08, 2005 1:19 am

So...no inheritance tax. Nice if you can get domiciled in Cyprus. It is true that you pay 20% CGT though on any gain over £10,000?
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Postby Svetlana » Fri Jul 08, 2005 9:00 am

Hi Mick

CGT is 20%. You are allowed a one off Personal allowance of £10,000 (£20,000registered in two names). This is Index Linked. There is a maximum allowance for RESIDENTS of £50,000 after five years. You may alsot set against CGT anything spent to improve the property, providing you have receipts and Estae Agent's commission - but only if they are registered and licensed Estae Agents.

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