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Tax on sale of a UK Company

[Deleted User] · 2023-02-27 21:12:51

If an Irish resident is the sole director and owner of a UK company then sells it to another UK company do they pay UK or Irish CGT?

27-02-2023 10:12pm

#1

Jared CoolS Shelter
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If an Irish resident is the sole director and owner of a UK company then sells it to another UK company do they pay UK or Irish CGT?

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#2 27-02-2023 10:21pm

StevenToast

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Uk CGT.....but it is also subject to Irish CGT, however you will get a credit for the UK tax suffered....
Get professional advice as the above is very basic....

"Don't piss down my back and tell me it's raining." - Fletcher

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#3 27-02-2023 11:08pm

Jared CoolS Shelter
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Perfect thanks! Just needed to settle a bet

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#4 06-03-2023 10:10pm

Marcusm

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https://www.boards.ie/discussion/comment/120295770#Comment_120295770

Definitely get PROFESSIONAL advice as unless the U.K. company derives its value from U.K. land, a non-resident would not be within the charge to U.K. CGT as you’ve described. I.E. what you have said is basically wrong.

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