Hi,
I'm having terrible difficulty getting a clear reply out of Irish Revenue on this:
I'm in the process of moving to Ireland from the UK, and already own an Irish property.
However, I am still tax resident in the UK and have been living for most of the year in what has been my main residence inn the UK for 27 years.
My question: Should I become tax residence in Ireland in 2025, having not sold my UK property yet (as I needed somewhere to live in the UK up until my definite move to Ireland), would I be required to pay Capital Gains Tax in Ireland once I do sell my UK property during 2025, despite already being an Irish tax resident?
Or would I be exempt, as my UK property was my Principal Residence for the previous 27 or 28 years?
CGT in the UK in such a case would be 0%.
A simplified question would be: Are you exempt from CGT in Ireland if the property you're selling abroad was your Principal Residence.
Many thanks,
Peter
I'm having terrible difficulty getting a clear reply out of Irish Revenue on this:
I'm in the process of moving to Ireland from the UK, and already own an Irish property.
However, I am still tax resident in the UK and have been living for most of the year in what has been my main residence inn the UK for 27 years.
My question: Should I become tax residence in Ireland in 2025, having not sold my UK property yet (as I needed somewhere to live in the UK up until my definite move to Ireland), would I be required to pay Capital Gains Tax in Ireland once I do sell my UK property during 2025, despite already being an Irish tax resident?
Or would I be exempt, as my UK property was my Principal Residence for the previous 27 or 28 years?
CGT in the UK in such a case would be 0%.
A simplified question would be: Are you exempt from CGT in Ireland if the property you're selling abroad was your Principal Residence.
Many thanks,
Peter