I am trying to understand what being non-ROI(republic of Ireland) resident would mean for me? I have struggled to find any useful information online in relation to this,but I am in the process of getting professional advice. In the mean time I would gretly appreciate any advice on here.
My Situation:
I have a whole host of questions that I would like answered before declaring my self non-ROI resident. I basically left Ireland in 2008(left in Feb) and have only been back once for about 20days in 2011.
How does one become a non-ROI resident?
Fill out a form declaring as such and notify the relevant investment people if you want it applied to your investments.
Some Questions:
Assuming one qualifies to be non-ROI resident, what are the pro and cons?
Pros:
Do not have to pay tax on irish based investment income?
Cons:
Deferes the tax to later or other country?
My Situation:
I have a whole host of questions that I would like answered before declaring my self non-ROI resident. I basically left Ireland in 2008(left in Feb) and have only been back once for about 20days in 2011.
How does one become a non-ROI resident?
Fill out a form declaring as such and notify the relevant investment people if you want it applied to your investments.
Some Questions:
- As far as i know, as a non-ROI resident I do not have to pay tax on some investments. But i am not sure if this is just deferring the tax to a later date,to another country that I reside in, or something else.
- What happens if i ever come back to ireland to live or for a holiday?
- I also have a pension in ireland, my own private one, how would this be affected?
- I also have another samll investment, in a fund with newireland, and am not sure how this would be affected?
- I am not sure if I qualify for an irish state penison, but how would being non-ROI resident affect this?
- If i have bank accounts still in ireland how would these be affected?
Assuming one qualifies to be non-ROI resident, what are the pro and cons?
Pros:
Do not have to pay tax on irish based investment income?
Cons:
Deferes the tax to later or other country?