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Capital Gains query

kriderc · 2008-05-06 08:37:07

Hi, I was hoping someone maybe in the know. I moved away from Ireland over a year ago, I now wish to sell some assets in Ireland. Am I liable for CGT in Ireland ? tia. K

06-05-2008 9:37am

#1

kriderc

Registered Users Posts: 17 ✭

Join Date: June 2005

Posts: 9

Hi, I was hoping someone maybe in the know. I moved away from Ireland over a year ago, I now wish to sell some assets in Ireland. Am I liable for CGT in Ireland ?

tia.

K

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Comments

#2 06-05-2008 1:24pm

pigeonbutler

Registered Users, Registered Users 2 Posts: 666 ✭✭✭

Join Date: November 2003

Posts: 616

For Irish situated assets such as land or buildings (or heaps of other specific but unusual things like mining rights) or the assets of a trade carried on in Ireland then you are liable to CGT regardless of your residency status.

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#3 12-05-2008 11:14pm

NaasMan

Closed Accounts Posts: 24 ✭

Join Date: October 2005

Posts: 22

If you only left Ireland last year, you may also be classed as ordinary resident (once you are resident for three years, you become ordinary resident). This status is not lost until you are non resident for three tax years. If you are Irish ordinary resident and Irish domicile you are taxation in Ireland on worldwide gains, unless you can claim relief under a double taxation agreement.

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