Just back from a week spent on the island. Had my usual fantastic time – weather superb, food wonderful and people lovely. Also had my usual argument with my Greek accountant – perhaps one of the older hands could help, please?
I bought my house near Sitia in 2008 and moved into it. My accountant said that to prove I had sufficient means to live there and wasn’t moonlighting in the Greek economy and not paying tax, I needed to transfer a set amount from the UK once a year, get the pink slip from my bank and include it in my tax return. No problem. This I did.
I moved back to UK in 2009 and now only visit my house in Crete three times a year. My argument is that as I live in England, work in England, pay tax in England and am only resident in Greece for 20 -23 days per year, the money transfer and pink slip are now unnecessary. She disagrees, and every year I make the transfer, withdraw the money in Euros, take it back to UK and change it (expensively) back into sterling. I’d be grateful for any opinions on this subject.