This guide is written for landlords, estate agents and property investors. Rules change regularly and individual circumstances vary, so speak to a Tsquared accountant before acting. We regularly help clients with rental income tax and special defence contribution, capital gains tax on disposals, vat on new builds vs. resales.
Key points
- Cyprus taxes Cyprus-source rent
- Use double tax treaty relief
- Appoint a local representative
- No SDC for non-residents
Challenges you face, solutions we provide
Challenge: Rental income tax and Special Defence Contribution
Our solution: Rental accounts prepared and annual TD1 returns filed with every allowance claimed
Challenge: Capital gains tax on disposals
Our solution: CGT computations with inflation indexation and lifetime exemptions applied before you sell
Challenge: VAT on new builds vs. resales
Our solution: Correct VAT treatment confirmed before completion, including the 5% reduced rate
Challenge: Short-let (Airbnb) reporting
Our solution: Tourism registration, platform income tracking and VAT thresholds monitored for you
Challenge: Agency commission accounting
Our solution: Clean commission bookkeeping with client-money reconciliations and VAT returns
Frequently asked questions
- Non-resident landlords: what's the short answer?
- Non-resident owners of Cyprus property must still declare and pay Cyprus tax on local rental income, and can usually claim credit in their home country under a double tax treaty.
- Can Tsquared help with non-resident landlords?
- Yes. We advise landlords, estate agents and property investors in Cyprus on non-resident landlords and handle the filings for you.