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Tax liability

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  • 26-02-2015 3:26pm
    #1
    JamesGCo
    Registered Users Posts: 3 ✭


    Hi, My wife and I moved back from Northern Ireland last year having lived and worked there for several years.
    I still work there and commute from Southern Ireland, I own a property in Southern Ireland which is rented and I have paid tax in both jurisdictions on the rental income.
    We both have fixed term deposit accounts in a Northern Irish bank which are maturing soon and we are wondering if we will need to pay tax in Ireland on some, all or none of the interest etc on bringing the money to an ROI bank account.
    Tagged:


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    #2
    roast222
    Registered Users Posts: 55 ✭✭roast222


    You will include this income on your Irish Tax return and claim relief for any foreign (UK) tax deducted on the interest. It will be pooled with your other income from rent and employment in calculating your overall tax liability in Ireland.


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