2023 Cyprus tax return deadline extended until 31 October 2024.

For the past two decades, we have witnessed an unrelenting rise in taxes across all sectors. Governments have consistently found reasons and excuses to justify these increases, burdening citizens with a growing financial load.

For the past two decades, we have witnessed an unrelenting rise in taxes across all sectors. Governments have consistently found reasons and excuses to justify these increases, burdening citizens with a growing financial load.

End of year tax planning needs to get personal. Better still tax planning needs to be personal all the way through.

You don’t need all the income and you don’t need all the capital. Normally we find that clients want to enjoy the benefits of the capital and the benefits of the income, but money sitting in the bank is not always a source of that pleasure.

The founder of Matalan John Hargreaves faces a tax bill of up to £135 million after failing to argue against HMRC that he was non-resident.

Cyprus excels as a tax residence for expats living and working abroad.

And not just because it is an island in the Mediterranean.

Your inevitable death is be a hardest thing to face in life.

But in a lifetime of financial planning, and in over 20 years of providing expat services, I know that it is one of the most important subjects to face head on.

Inheritance rights pass through the bloodline automatically.

That means if there is no will, it passes to the bloodline.

Capital gains tax (CGT) is due when you sell an asset such as a property, shares or cryptocurrency. However, if you die then CGT becomes inheritance tax which means that your family will pay up to 40% tax.

By taking the right steps and planning ahead you can reduce this liability all the way to 0%.