Your holiday homes cyprus Information
People today are busier than ever, working long and often unsociable hours, juggling family life with work commitments and rushing around from one thing to the next. Yet many people still manage to squeeze into what ‘spare time’ they do have a hobby or activity that they really love.
There is an incredible range of activities people enjoy, from hugely energetic five-a-side football often played on weekday evening to rambling in the beautiful countryside on a Sunday afternoon. Some activities tend to have a male/female bias – take rugby versus aerobics – while others are perfect for both sexes and also ages.
Indoor bowling is a very popular sport across the UK. A game of skill, patience and tactics, there are in excess of 330 indoor bowling clubs in England with a combined membership of 110,000 men and 54,000 women. And forget that this is a sport for older people – these clubs welcome members from as young as 7 to 80 years plus!
Many enjoy a game during the week along with the social aspects of club membership while there is sometimes the opportunity to take part in tournaments on the weekend. Bowls is not a sport to be hurried, so the idea of a week or two week holiday that combines sport with sun, sea and sand definitely sounds like a break not to be missed.
A company offering that perfect combination is Potters Holidays. A well-established family-run business with a wonderful 5-star UK holiday resort in Norfolk, Potters Holidays offer fantastic Bowls Festival Weeks in the warm and beautiful setting of Cyprus.
Nestled on the West Coast of Cyprus, guests on a Potters Bowls Festival Week will arrive at the old town of Paphos, with its delightful harbour, shops and bars. This great location is home to an excellent, carefully selected 4-star hotel. The Athena Beach Hotel combines luxury and style, with its stunning landscaped gardens, three outdoor swimming pools, tennis courts and mini-golf.
The Potters family pride themselves on offering high standards of service at their UK-based resort and the Cyprus experience is no different. A member of the Potters family will host the week, while members of the team will be on hand to ensure you have an extra special holiday.
The bowling breaks include a guaranteed number of Round Robin games playing in teams of four plus roll ups and spoon drives in the evenings under floodlights. In addition there is also an exclusive bowling tournament to take part in, which are optional, free to enter and offer great prizes, organised by Mark Hedges and the Anglia Bowls Team.
This Cyprus holiday is about more than just bowls. During the stay at the hotel there is both daytime and evening entertainment. Cabaret acts and top performers are flown in from the UK exclusively for the Bowling breaks to ensure you entertained by some of the best in the business.
The Festival weeks can be extended to a two or even three-week stay with special breaks available such as the Celebrity Bowls Festival in association with Bowls International Magazine. There is also the opportunity to organise group bookings for ten people or more – perfect for a bowling break for a club.
Indoor bowling is a very popular sport across the UK, Potters Holidays offer fantastic Bowls Festival Weeks in the warm and beautiful setting of Cyprus. To find out more about Potters Bowling Breaks in Cyprus visit –
http://www.pottersholidays.com/cyprus.aspx
Article author: Hugh Watson
The Capital Gains Tax rate in Cyprus is 20% of the chargeable gain as adjusted for inflation, but certain lifetime exemptions apply to individuals for the disposal of their main residence. The first CYP10,000 of a gain is exempt. This exemption limit rises to CYP50,000 if the seller has lived in the property continuously for the previous five years. Further allowances are granted in relation to transfer fees, inflation and improvements made to the house, services of registered estate agents, but the total exemption cannot exceed a CYP50,000 limit. Capital Gains Tax does not apply to profits from the sale of overseas real estate by residents who were not resident when they purchased the asset.
Note that these are personal allowances. So if the property is owned in joint names, e.g. husband & wife, each owner is entitled to the exemption of CYP 10,000 or CYP 50,000.
Don’t forget that in addition to the personal CGT allowances you can also claim an Inflation Allowance.The indexation factor is based on the cost of the property if purchased after 01/01/80, using the Consumer Price Index (CPI) in the month preceding disposal and CPI in month of acquisition. Disposals of building sites use the 1980 valuation for CPI purposes.
The data is below.
Also you can deduct the following:
Allowable expenses:-
Land Transfer Fees
Stamp Duty
Estate Agent’s Commission - (but only if a licenced agent)
Professional Charges
Advertising
Capital Additions or Improvements - (receipts required and planning permission where necessary)
Indexation can be applied to the above expenses as well as the initial purchase price.
Additional allowable expenses:-
Immoveable Property Tax
Interest on Loan used for the Acquisition of the Property
These expenses cannot be indexed.
If you’re selling a property partly/fully furnished there is a perfectly legal way to reduce your CGT liability.
Have two contracts; one for the sale of the property and the other for the furniture, etc (this is known as a furniture agreement).
For CGT purposes, the IR will only be interested in the gain you make from the sale of the property.
http://www.mof.gov.cy/mof/cystat/statistics.nsf/All/F799BCBF16A29708C2256D640042C313/$file/CPI-HISTORICAL%20DATA-EN-090106.xls?OpenElement
Avoid CGT in Cyprus
In Cyprus there is no taxation on the profits from the disposal of securities for individuals that are residents of Cyprus. “Securities” is defined as shares and other securities of companies or other legal persons, incorporated under the law in Cyprus or abroad and options thereon.
So to legitimately avoid all Cyprus CGT then you could purchase your property in Cyprus using a Limited Company registered in Cyprus.
But you will still have to pay UK CGT but the good news is that you can set off what you have paid in Cyprus. Finally the article tells you how to avoid paying Cyprus CGT all together.
John Mason is the owner and author of http://downtoearthcyprus.net. Down to Earth,Cyprus provides all you need to know about property purchase and finance in Cyprus.Your Definitive Guide to Buying Real Estate in the Republic of Cyprus.
You may freely distribute this article on condition that you keep this Author bio intact with an active link.
Article Source:
ezinearticles.comTraveling is all about having fun and the right spirit to appreciate life. You can have an amazing holiday without your need to shell out much in accommodation. If you are wise and not lazy, you can surf internet and try to find out different types of accommodation that will suit your budget and visit. You can try out some of the tips which will go a long way in helping you to enjoy your holiday even with limited budget. However, limited funds should not come in your way to make the most of your holiday. All you need is spontaneity and curiosity to explore.
Inexpensive Hostel
If you are planning a backpacking holiday, hostel can be an ideal accommodation as it is inexpensive. Though hostels are simple, you have enough space to sleep, do your own washing and take rest until you are ready for your next journey. Hostel offer you the complete freedom to do and manage things on your own. In some of the hostels, communal dining facility is provided and if you have special request for menu then that is also entertained. Most of the hostels are operated by non-profit organizations, including faith-based groups.
Holiday Accommodation Exchanges
If you are tired of staying in hotels and want to save some money on accommodation so that you may spend more on visiting attractions or shopping, you can try out holiday accommodations. It is very easy to get holiday accommodation as holiday accommodation networks way of functioning is simple. For a modest fee, members of the network can invite people to use their homes for a holiday. If you strike a good rapport with the owner, you can even bargain for less. There is more advantage in such arrangements as owner need not spend much or no expense on facilities usually associated with such accommodation during the holiday. The convenience that comes with this kind of arrangement inspires people to exchange the use of their homes for a holiday. What more! The owner can guide you on many things about the place including local attractions, good places to dine, best place for shopping and many more.
Vacation Homes & Holiday Rentals
For budget travelers and those traveling with family, holiday rental properties are ideal. You can do your own cooking in the fully equipped kitchen and save on eating out. You can also wash your own clothes and bedding in the laundry without paying extra as most holiday homes have laundry facilities. Holiday homes and holiday apartments are cost effective because it does not make you pay for the all the extras such as daily servicing, room service and other facilities that you may not use.
Look Out For Accommodation in Unconventional Location
Choosing an accommodation that is located away from the usual range of properties can land you good discounts. For example, if you are on a leisure trip, instead of looking for an accommodation near local attractions or central location, you can go for lodging in the outskirts. Thus, with the savings, you can splurge on other activities and enjoy your holiday to the fullest.
Consider Going During Off Season
How about going for a holiday during off season to avail great discounts? If you can schedule your holiday when business is slow, you will get the chance to stay in premium accommodation at an affordable price. During this time even luxurious accommodation offer discounts. You can directly contact the rental property or the local agent to get the maximum bargain.
You can make your trip to the expensive Paris with limited budget without compromising on fun and pleasure.
About Author
The Author is a contributing writer to the website http://www.discountcityhotels.net. Discount City Hotels is an expanding company that provides accommodation in London Hotels, Paris Hotels and hotels accommodation to travelers in other parts of Europe.
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Article author: Rajesh Kumar
