Capital Gains Tax - Non Resident

tyler_durden

Registered User
Messages
22
Im an Irish Citizen but left the country 5 years ago. I have a bunch of shares that i have accumulated over the past 3 years or so and want to sell some now. My understanding is that I would be liable for CGT at 25% if i was a resident here, but i have no idea if non-residents are liable for this tax. Does anyone know if i am liable? I dont know if this information is relevant, but my Stockbroker is in Ireland and the shares are traded on the NASDAQ.
Cheers
 
Don't know about shares but I'm non reside and I've paid capital gains on property so my guess is you are liable. You probably need an accountant or a meeting with revenue if it's a small amount to clarify the situation, get their response in writing,.
 
i found this at revenue.ie in the CGT pdf file ..............

"A person who is neither resident nor ordinarily resident in the State is liable to tax only in respect of gains on disposals
of the following categories of assets -
(a) land and buildings in the State,
(b) minerals in the State or any rights, interests or other assets related to exploration for
or exploitation of such minerals,
(c) exploration or exploitation rights in a designated area of the Irish Continental Shelf,
(d) shares, other than shares quoted on a Stock Exchange, deriving their value or the
greater part of their value directly or indirectly from assets in (a), (b) or (c), and
(e) assets in the State used for the purposes of a business carried on in the State."


the shares are in a pharmaceutical company, so wouldnt that mean in reference to '(d)' that im NOT liable for CGT?