If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

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 9:12pm

#1

Jared CoolS Shelter
Posts: 0 ✭

Join Date: -

Posts: 0

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?

0

Comments

#2 27-02-2023 9:21pm

StevenToast

Registered Users, Registered Users 2 Posts: 3,835 ✭✭✭

Join Date: July 2020

Posts: 3816

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

0
#3 27-02-2023 10:08pm

Jared CoolS Shelter
Posts: 0 ✭

Join Date: -

Posts: 0

Perfect thanks! Just needed to settle a bet

0
#4 06-03-2023 9:10pm

Marcusm

Registered Users, Registered Users 2 Posts: 10,633 ✭✭✭✭

Join Date: November 2010

Posts: 10605

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.

0