CGT on sale of UK Gilts for Irish resident

[Frivolous]

UK gilts are issued as FOTRA securities (free of tax to residents abroad). Under UK tax legislation interest and capital gains are not taxable for non-residents. (Interest and capital gains are already tax-free for UK residents). I’m wondering does this mean for example that an Irish resident is exempt from tax in Ireland or are they just exempt from UK tax? The Irish resident in this case is also Irish domiciled but was born in the UK. Maybe under the double tax treaty with the UK the Irish resident is free of tax in Ireland on these securities? It’s very difficult to find an answer on line!

 

[jpd]

No.
Any gains on foreign government bonds are taxable as Capital Gains, and any losses are allowable losses which can be offset against other capital gains

Any income interest from a foreign government bond is taxable under income tax - not DIRT

 

[Frivolous]

Thanks JPD