Cyprus-Forum.com

[MACKAM1955]

Hia could someone tell me if i bring my motorcycle to Cyprus when we move from UK if I will have to pay any duty on it and would anyone advise us to rent before we buy or just go for it, there is just my partner and I and no children, do you think the propery prices will increease that much if we rent for about a year?

Cheers

Eric.

[Sotos]

I think you will pay some duty but not that much. Prices always go up. I heard somewhere that they will change the way they calculated taxes when selling property. If they do that the prices will increase. Still I think is better if you rent first. It will allow you to search for a better home and get a better deal. You will also have the chance to make sure that you like it here.

[TheCabbie]

Whats the size and make? Whether you pay anything or not will depend on the size and age of your bike, big bikes are pretty expensive here because of duty, your best bet is to check with the Cypriot High Commission in London.

BTW it's a great country to have a bike, I'm sure you'll enjoy it when you get here, last year I did 20,000kms on my bike.

I agree with Sotos, you'll only really know the place and where's best for you to live after you've been here a while, I also think the property market bubble will burst and there'll be a few bargains floating around

[whirlybird]

Hi There,

My wife and I have bought off plan and hope to move in to an early retirement later this year with my bike. We have been coming to Cyprus for the past 3years and have been weighing up the prices of various developers since, our intention was to rent at first but then we made up our mind to buy as we knew what we wanted and the prices were going up all the time. A small developer with a lot of years experience was chosen to build a few Kms inland, away from the hustle and bustle areas. We now know that what we got and what was being offered by the big developers we had chosen correctly, however be careful, take your time and remember that what you pay in Cy £ will cost you more in GBP, keep viewing this forum as you will glean a lot of info from it.
Good hunting.

Whirlybird.

[CY Investments]

It makes sence to rent first...just in case things dont work out.
Prices this year I believe will remain pretty stable. If you are patient and happy to shop around you will find plenty of bargain resale properties.
A lot of people jumped on the bandwagon buying off plan and now the properties are about to be delivered they are unable to take delivery. Also with the SIPPS not going ahead a lot of forward planning by investors has gone out of the window.The other option worth considering is buy a plot of land and built your own house. It can be a pain at times but you could save around 30-40% on developers prices. Good luck.

[nhowarth]

Hi Eric,

For information about bringing over your motor cycle, take a look at the Cyprus Customs and Excise web site at: http://www.mof.gov.cy/mof/customs/custo ... nguageNo=1

With regard to property prices, the price index has increased by just 10% over the past 2 years and there is A LOT of property on the market at the moment. (Would you believe that 10 years ago there was hardly an estate agent to be found, but now the place is full of them).

If you plan to live in Cyprus but are uncertain about where exactly you want to live or have some lingering doubts as to whether you really want to live here permanently, start off by renting a furnished property.

Some people find out too late that Cyprus is not the place for them. They discover that family ties are too great or find it too difficult to settle in a foreign country. Others buy property in haste and regret their decision. Many sell their home after a year or two and return home, while others move to somewhere on the island more to their liking.

If you’re thinking about buying in one of the resort areas, rent outside the main tourist season. This will give you the opportunity to experience what living there’s like at the quiet time of the year when there are fewer people about and some of the local facilities are closed for the winter.

Regards,

[MACKAM1955]

Thank you everyone for your input I will certainly take your advise and rent before making one of the biggest desicions of our lives im sure the interest we will make on the balance left after selling the house will help towards renting ( anyone know of a high rate deposit account for say 6months?) my bike is a 1999 BMW K1200RS sports tourer which would be ideal for touring the whole of the Island, once again thanks to everyone who took time to reply.

Cheers

Eric

[MACKAM1955]

still cant figure out how much duty il pay on my 1200 cc BMW motorcycle that is 8yrs old,ive tried to calculate it by going on Cyprus taxtion website but cant do it ( not very good at figures ) also could anyone tell me how much il pay for good quality leather 3 piece suite, or should I ship out my one year old suite that I paid £2200 for.

Cheers

Eric Wood

[TheCabbie]

...my bike is a 1999 BMW K1200RS

Cheers

Eric

Keep in touch, I've got a K1200GT

Bring your gear with you, I've found everything is more expensive over here....or it's unavailable.

[whirlybird]

Hello Eric,

Is this info any good to you?I recieved this letter last week from the Customs office in Nicosia.

Dear Sir,

With reference to your e-mail dated 6 January 2006, provided you come to stay permanently in Cyprus, I would like to inform you the following:

A. Persons who transfer their Normal Residence

According to our legislation The Excise Duties (Relief Applicable to Imports from a Member State of the Personal Property of Individuals) Regulations of 2004, (P.I. 376/04) and the Council Regulation (EEC) No. 918/83 of 28 March 1983, persons who transfer their normal residence from outside the Republic are allowed to import without payment of any duties (import or excise) and VAT, their personal and household belongings (private used motor vehicle is included), provided that these goods:

• must have been acquired on payment of all local duties and taxes and never refunded or exempted on exportation
• must have been in applicant’s possession and actual use outside the Republic for at least six months before their transfer to Cyprus
• must be brought into the Republic within 12months from the date of transfer of residence

As regards applicants:

• they must have lived for a continuous period of at least 12months outside the Republic before their arrival to take up permanent residence and
• they are holders of a valid driving license (a Cypriot driving license for persons coming from third countries)

The applicant and his dependents may drive the vehicle.

Relief is limited to one m/vehicle for each person concerned. Applicants will be required to produce sufficient documentary evidence to support their application.

An application on the appropriate form is to be completed in person by the applicant in Nicosia Customs, Andrea Karyou 1, Industrial Area, Engomi.
If you do not intend to stay permanently you have excise duty is charged on your motor cycle at 30% on its current value which will be assessed by customs.

General Information

A T2L document certified by the competent authorities of your country must be produced in order to prove the community status of your personal and household belongings.

For any further information you are advised to visit our website www.mof.gov.cy/ce where you will find all information you need on m/vehicles if you click on the picture of the m/vehicle.
Regards,

Whirlybird.