Cyprus Tax Residency and UK Statutory Residence Test

Member since 16 September 2024

19kevinMember07 October 2025 18:31:44

Hi,

I am in the process of buying a property in Cyprus and intend to become a Cyprus tax resident. I initially propose to be in Cyprus a minimum of 183 days per year.

I intend to put my share of my UK house (we are tenants in common) in trust for my children. I also intend to have a Cyprus will made for any other financial assets that I am able to transfer. I intend to see a financial adviser/accountant when I get to Cyprus.

Does anyone have any experience/knowledge of:

How long does it take to become a Cyprus tax resident.
The UK Statutory Residence Test. I appear to have an accommodation tie to the UK, I will have been a UK resident in the preceding tax years and possibly a family tie (cohabiting partner). It appears that I may only be able to spend up to 45 days in the UK.
I understand that I can retain UK ISA's but I can't open any new ISA's. Does anyone know if these would be considered part of UK estate or Cyprus estate.

Thank you in advance for any assistance.

Kevin

SimCityAT Expert

Member since 08 April 2014

SimCityATExpert07 October 2025 19:06:57

13009

You should have 2 separate wills made. 1 for your UK assets and 1 for your Cyprus assets. Yes, you are correct, you can't open new ISA's but you generally cannot make new contributions to them unless you are an eligible Crown employee. You should inform your ISA provider of your new non-UK address and the change in your residency status to ensure compliance with tax regulations. While existing funds in your ISA will continue to grow tax-free in the UK, their tax treatment in your new country of residence will depend on that country's laws, which may no longer recognise the UK's tax-free status.

As these are in the UK, these would go into your UK will and anything else, money, shares, property, etc...

Toon Cyprus Expert

Member since 04 June 2011

ToonCyprus Expert08 October 2025 03:06:41

10213

You might like to consider speaking to a wills lawyer or a specialist here ..Maplebrook Services ie Wayne the will man he has a very good reputation

rcsmahony Member

Member since 04 October 2023

rcsmahonyMember20 October 2025 09:10:17

@19kevin

i would be interested in what you find out. I have an UKW3 status. I pay UK taxes on my pensions, but do not Cyprus taxes and therefore get no benefits. (Healthcare etc)

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