CGT on stocks and residence for tax purposes. Is this explanation too simplistic?

L

LoveTrees

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Maybe I'm too simplistic... Please please please your opinion is so welcome... Let's imagine I bought shares while in Ireland between 2015 and today. And in all this period I've been resident in Ireland as well.

Of course I paid income tax on the dividends each tax-year and each year I submitted my CGT calcs (including the exemption value of 1270 Eur) in the right moments of the timeline (with payments early in Dec and/or early in Jan as per CGT law in Ireland).

Let's also consider the fact that there is mutual agreement between Ireland and the country I will reside in to avoid double-taxation as well.

My query is:
1) If I move to another country early 2026 and I become tax resident there sometime in 2026 will I pay the entire CGT there (in the new country of tax residence) even if I bought in 2015 that particular stock that I'll be selling sometime in 2027 in the new country of residence?
2) ...Or do I need to pay CGT in Ireland based on the value snapshot of the day I'll be flying to the new country of residence and CGT in the new country for the difference in value between day of flying out and day of selling? So for example 1 stock of company "XYZ" was bought for 100 Eur on 5th Jun 2015, When I will take off on 10th Jan 2026 value of the stock is 150 Eur and when I will sell on 28th Nov 2027 value is 165 Eur. CGT value to be paid in Ireland = 150 - 100 = 50 and CGT to be paid in the new country 165-150=15 Eur...

I hope I am clear enough in my two examples above... Please your opinion would be so welcome...
 
Because you have been tax resident in Ireland for more than 3 years you have acquired a Ordinary Resident status:
Once acquired, ordinary residency doesn’t end immediately when you leave Ireland. Instead, you remain ordinarily resident for the three years after the last year you were tax resident. This lag means your obligations can continue long after you’ve left the country, assuming you are "Irish Domiciled."

If you are ordinarily resident but non-resident, you remain taxable on certain categories of income:

- Irish-source income Foreign investment income over €3,810 remitted to Ireland
- Foreign employment income relating to duties performed in Ireland
- Capital gains on certain assets

During this time, if you sell your shares, the gain (all the gain) may still fall under Irish CGT rules for the next 3 years after you leave Ireland. Because you are tax resident also in the new country you may also have a liability in the new country. So as long as the new country has a double taxation agreement with Ireland (most have), you pay the full capital gain tax in your new country and the difference to Revenue (if the CGT tax in Ireland is higher than the one in your new country)
 
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