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Tax on only property in the state

fire_man · 2024-09-08 16:08:45

I have a family member selling a property in which is their only one in the state.They live in the US but over and back to property in Ireland.Would they have to pay tax when selling this?Thanks

08-09-2024 5:08pm

#1

fire_man

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I have a family member selling a property in which is their only one in the state.They live in the US but over and back to property in Ireland.Would they have to pay tax when selling this?Thanks

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#2 08-09-2024 5:11pm

Geuze

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If they make a capital gain, then they may have to pay CGT, yes.
Should this be in the Tax forum?

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