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Update on Rental Tax

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» North Cyprus Property Rental Guide



Agobard


Joined: 20/08/2008
Posts: 271

Message Posted:
23/03/2012 10:44

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Message 1 of 2 in Discussion

The investigation department at the tax office are going through all properties on the main holiday lets websites - Owners Direct, Trip Advisor etc etc as well as local companies like Amy Villas - tracking down the properties and sending tax bills to the owners. They also appear to be targetting any foreign owned property on the grounds that it 'may' be let! I received a tax and penalties bill for my house this week and I have never either advertised it or let it as I live in it permanently and have done for years. It has taken me 2 days to get this sorted out. Just be aware any renters out there!



Jonesy299


Joined: 07/02/2009
Posts: 367

Message Posted:
23/03/2012 15:22

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Message 2 of 2 in Discussion

Did mine last year and ready to repeat this year - just not worth the risk guys (if they suspect they have the powers to inflict heavy penalties and isolate mains electric/ water to your holiday clients!)



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