Keep this as simple as I can...
We are considering moving abroad in a few years time, but probably not permanently.
Our thoughts are to sell our home here, use some of the money to buy a home abroad, and some to buy a more modest property here, which we could use for coming home for holidays & as a fall-back if things didn't work out abroad.
We would probably let out our new property here on short-term lets.
I'm aware that if we do rent out the new house/apartment here, we would be liable for tax on that rent.
But would we be liable to any other taxes for removing some of the profit on our existing home to another country?
(We would be well outwith the 5 years FTB no CGT rule)
Also, what are the implications of using the rent generated by the new property in Ireland as income overseas?
Appreciate any thoughts....and apologies if this has been covered recently elsewhere- I couldn't see another thread on this.
(Apologies too if I've posted this in the wrong place- wasn't sure whether here or taxes would be best)
We are considering moving abroad in a few years time, but probably not permanently.
Our thoughts are to sell our home here, use some of the money to buy a home abroad, and some to buy a more modest property here, which we could use for coming home for holidays & as a fall-back if things didn't work out abroad.
We would probably let out our new property here on short-term lets.
I'm aware that if we do rent out the new house/apartment here, we would be liable for tax on that rent.
But would we be liable to any other taxes for removing some of the profit on our existing home to another country?
(We would be well outwith the 5 years FTB no CGT rule)
Also, what are the implications of using the rent generated by the new property in Ireland as income overseas?
Appreciate any thoughts....and apologies if this has been covered recently elsewhere- I couldn't see another thread on this.
(Apologies too if I've posted this in the wrong place- wasn't sure whether here or taxes would be best)