Implications buying a UK property living abroad

bren1986

Registered User
Messages
14
Hi all,

So I am Irish and own a property in the UK and know I have a pay tax on my rental profits and when I sell I will have CGT to pay here also etc etc

But my brother moved to Qatar 2 years ago and plans on staying there for the next 10 years. If he buys a house in the UK he would only have to worry about paying tax in the UK is that correct?

Because Qatar is tax free and its his country of residence. Also saying he sells a year before moving home to Ireland he will be exempt from paying tax in Ireland also so will only have to pay CPT on the profit when selling to the UK government?

Is all this about right?

Seems like a good investment opportunity for my brother as he will only have to worry about UK tax and overseas landlord get a decent tax credit. Is there anything I'm missing?

Thanks
Brendan
 
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