Double taxation agreement between Ireland and Australia

settlement

Registered User
Messages
276
Hi all,

I'm an Irish citizen resident for tax purposes in Australia. I am not here long so I think next year I will become ordinarily resident in Ireland.

I'm looking to invest in ETFs and so am interested in the taxation consequences. Does anyone know about the rules and which taxes I'll be subject to, be they income, capital gains etc?

I found this online but can't translate the legalese so if anyone could that'd be great

[broken link removed]
 
Must confess I don't know re ETFs but someone else will advise.

On the basis of your Link, and you being in Australia for only 1 month so far in 2015, I think you would be considered as Irish tax-resident for this year, and Australian tax resident next year. Someone else can correct me here, but I think there is a clause in Irish domestic legislation that once someone leaves with the intention of not returning within a shortish period then they give up Irish tax residency ... !? Admittedly I'm shaky on this but I recall Irish Revenue granting refunds of PAYE suffered in the YTD.
 
I'm pretty sure I'm due money back from 2015 employment for not finishing tax year.

But yes, the ETF query is my main one
 
You will be considered Irish Tax resident for this year.
Australian tax resident for next year assuming that you spend less than 280 days in Ireland in 2015/2016 combined.
You will be considered Ordinarily Resident in Ireland for 2015 / 2016 / 2017.
If you are earning in Australia, you may not receive a refund as income will be taxable in Ireland and Australia (with credit for tax paid in each jurisdiction).
Unfortunately I cannot help with your ETF query.