Hi
Any help or advice on the info below would be greatly appreciated
in the next couple of weeks we are due to complete the purchase of a property in Peyia
We intend to live most of the year in Cyprus but will probably move back to the uk for July and August each year (due to the high temperatures in these months).
As July and August are typically great months for renting property to holiday makers I thought this might be worthwhile in terms of generating some extra income but have little understanding of what steps need to be taken to formalise this with the Cypriot authorities.
I would envisage that we would market the property via the usual websites (VRBO, owners direct etc) but don't want to fall foul of any local regulations regarding necessary certification or documentation etc.
Any help or advice that you could offer would be greatly appreciated
nb..my wife and I will continue to be taxed under HMRC so would declare rental income with them so hopefully wouldn't need to pay tax to the Cyprus government as well?)