Capital Gains Liability Overseas Property

  • Thread starter Thread starter sosoldoon
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sosoldoon

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Can someone advise me if I am liable to Irish Capital Gains Tax for a gain on
property sold in England? There is no liability there because you are allowed approx £10K tax free, but Ireland's allowance is less. I am Irish and having returned, I re-established PPR (Principal Place of Residence) here for tax purposes.
 
Due to the many variables in cases of overeas property sales - was it your only property? how would Revenue here regard your domicile status at time of sale ?(domicile and residence not always the same) etc etc I would recommend the quite detailed Revenue.ie website which has a special section on "sale of overseas property".
 
If you are resident here, the short answer is yes - it is liable to Irish tax, but there are no real short answers in tax
 
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