Do you have a UK Individual Savings Account (ISA) from when you lived/worked in the Uk, but have now moved to live in the Republic of Ireland?
If you are resident in the Republic of Ireland you need to declare your UK ISAs when resident in Ireland as these are now taxable accounts as far as the Revenue here are concerned.
Interest and Income exempt from tax in foreign country
If certain interest or income is exempt from tax in the country in which it arose, it does not follow that this income is similarly exempt from tax in this State. For example, income or interest from Post Office Savings in UK or from TESSA or ISA products is liable to Irish tax.
However, here is the good news?
Where was your father born? If you are a UK Citizen (or any other Foreign National for that matter) living in the Republic of Ireland you may be able to reorganise your affairs so that you don't need to pay tax in Ireland.
But just leaving your savings in your UK ISA and hoping isn't a good strategy.
If you are resident in the Republic of Ireland you need to declare your UK ISAs when resident in Ireland as these are now taxable accounts as far as the Revenue here are concerned.
Interest and Income exempt from tax in foreign country
If certain interest or income is exempt from tax in the country in which it arose, it does not follow that this income is similarly exempt from tax in this State. For example, income or interest from Post Office Savings in UK or from TESSA or ISA products is liable to Irish tax.
However, here is the good news?
Where was your father born? If you are a UK Citizen (or any other Foreign National for that matter) living in the Republic of Ireland you may be able to reorganise your affairs so that you don't need to pay tax in Ireland.
But just leaving your savings in your UK ISA and hoping isn't a good strategy.