My sister is currently selling her home (PPR) in the US and returning to Ireland. All going well she will have a small profit (in US $) from the sale, which she would like to put on deposit.
As we see it she has three options:
She’s asked my advice, but I’m fairly clueless as to the best course of action – any recommendations would be grateful – thanks.
Also, we are assuming that because the property is her PPR the money will not be subject to Capital Gains Tax upon remittance into Ireland (she is currently non-resident) – anyone know if this is this correct? Thanks
As we see it she has three options:
- Leave the money in US Dollars and put it on deposit over there (in the hope that the dollar will improve against the euro)
- Remit the money into Ireland (keeping it in US Dollars) and put in a US $ bank a/c here (anyone any idea of deposit rates for this?) – again hoping that the exchange rate will improve in her favour
- Remit the money into Ireland, convert to Euro and place on deposit here (in line with advice here on best deposit rates)
She’s asked my advice, but I’m fairly clueless as to the best course of action – any recommendations would be grateful – thanks.
Also, we are assuming that because the property is her PPR the money will not be subject to Capital Gains Tax upon remittance into Ireland (she is currently non-resident) – anyone know if this is this correct? Thanks