Your partner can only use your tax credits if you are married or a civil partnership. Cohabiting couples (not married) can't transfer allowances/credits to each other.Thanks for all the answers. You saved me from lots of worries.
One last question, there is nothing wrong with my partner receiving my tax credits(joint assessment) for having 1 income in the household, right? I mean, revenue would not consider me working / doing a trade?
There was a post a while ago highlighting the investments products can avail of the remittance basis for a non-domiciled individual and the ones that can't avail of the remittance basis. If they fall into the right category, as a non-domiciled then you don't have to pay tax or report them unless you remit then into Ireland. I had kept the list, have a look below. I hope you find it useful
1. Regulated funds domiciled within the EU/EEA or any OECD country (including the US) with which Ireland has a Double Taxation Agreement are treated as offshore funds. Gains arising on the disposal of such funds do not qualify for the remittance basis of taxation. This includes (but is not limited to) UCITS authorised investments within these countries.
2. Irish and EU domiciled Exchange Traded Funds (ETF’s) are subject to the offshore fund regime and gains arising on the disposal of such funds do not qualify for the remittance basis of taxation.
3. ETF’s domiciled in the US, EEA and other OECD countries are NOT treated as offshore funds and are subject to mainstream income tax (including USC and PRSI) and capital gains tax. Therefore, the remittance basis is available.
4. Unregulated offshore funds domiciled in the EU/EEA or any OECD country with which Ireland has a Double Taxation Agreement, are subject to mainstream income tax (including USC and PRSI) and capital gains tax. Therefore, the remittance basis is available.
5. Direct investments in foreign/ non-Irish equities are subject to main stream taxes, including income tax (and USC and PRSI) on dividend income and capital gains tax on gains. Therefore, the remittance basis is available.
6. Irish investments (in Irish domiciled funds or Irish equities) should be avoided as any income and gains would not qualify for the remittance basis.
This is the most comprehensive answer I have seen on this question for which I have been looking around for answers for a long time. Thank you! Is there any publicly available (e.g. document by Revenue) on this?There was a post a while ago highlighting the investments products can avail of the remittance basis for a non-domiciled individual and the ones that can't avail of the remittance basis. If they fall into the right category, as a non-domiciled then you don't have to pay tax or report them unless you remit then into Ireland. I had kept the list, have a look below. I hope you find it useful
1. Regulated funds domiciled within the EU/EEA or any OECD country (including the US) with which Ireland has a Double Taxation Agreement are treated as offshore funds. Gains arising on the disposal of such funds do not qualify for the remittance basis of taxation. This includes (but is not limited to) UCITS authorised investments within these countries.
2. Irish and EU domiciled Exchange Traded Funds (ETF’s) are subject to the offshore fund regime and gains arising on the disposal of such funds do not qualify for the remittance basis of taxation.
3. ETF’s domiciled in the US, EEA and other OECD countries are NOT treated as offshore funds and are subject to mainstream income tax (including USC and PRSI) and capital gains tax. Therefore, the remittance basis is available.
4. Unregulated offshore funds domiciled in the EU/EEA or any OECD country with which Ireland has a Double Taxation Agreement, are subject to mainstream income tax (including USC and PRSI) and capital gains tax. Therefore, the remittance basis is available.
5. Direct investments in foreign/ non-Irish equities are subject to main stream taxes, including income tax (and USC and PRSI) on dividend income and capital gains tax on gains. Therefore, the remittance basis is available.
6. Irish investments (in Irish domiciled funds or Irish equities) should be avoided as any income and gains would not qualify for the remittance basis.
FX doesn’t qualify for remittance taxation
Would Bitcoin and cryptocurrencies qualify for the remittance basis, if traded through non-Irish exchanges like Kraken or Binance?There was a post a while ago highlighting the investments products can avail of the remittance basis for a non-domiciled individual and the ones that can't avail of the remittance basis. If they fall into the right category, as a non-domiciled then you don't have to pay tax or report them unless you remit then into Ireland. I had kept the list, have a look below. I hope you find it useful
1. Regulated funds domiciled within the EU/EEA or any OECD country (including the US) with which Ireland has a Double Taxation Agreement are treated as offshore funds. Gains arising on the disposal of such funds do not qualify for the remittance basis of taxation. This includes (but is not limited to) UCITS authorised investments within these countries.
2. Irish and EU domiciled Exchange Traded Funds (ETF’s) are subject to the offshore fund regime and gains arising on the disposal of such funds do not qualify for the remittance basis of taxation.
3. ETF’s domiciled in the US, EEA and other OECD countries are NOT treated as offshore funds and are subject to mainstream income tax (including USC and PRSI) and capital gains tax. Therefore, the remittance basis is available.
4. Unregulated offshore funds domiciled in the EU/EEA or any OECD country with which Ireland has a Double Taxation Agreement, are subject to mainstream income tax (including USC and PRSI) and capital gains tax. Therefore, the remittance basis is available.
5. Direct investments in foreign/ non-Irish equities are subject to main stream taxes, including income tax (and USC and PRSI) on dividend income and capital gains tax on gains. Therefore, the remittance basis is available.
6. Irish investments (in Irish domiciled funds or Irish equities) should be avoided as any income and gains would not qualify for the remittance basis.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?