Hello,
I wonder if I could get some suggestions on my situation
I'm Canadian and have lived in Ireland for 11 years. I live and work in Dublin (PAYE) so I'm tax resident in Ireland. Before working in Ireland I was in New York and had opened a online trading account there with a local institution which I still use to buy and sell shares and bonds at times. I'm non-domiciled in Ireland (I intend to return to Canada in a few years) so I never paid CGT on my U.S. trading profits in Ireland. I would need to transfer some of that money now from that account in the U.S. to Ireland to refurbish the house and buy a better car. Since I remit that money to Ireland I'm now liable to CGT tax. Do I need to calculate and pay CGT for all the 11 years when I get the money transferred over? On average I buy and sell shares a few times a year.
Thanks
Brian1968
I wonder if I could get some suggestions on my situation
I'm Canadian and have lived in Ireland for 11 years. I live and work in Dublin (PAYE) so I'm tax resident in Ireland. Before working in Ireland I was in New York and had opened a online trading account there with a local institution which I still use to buy and sell shares and bonds at times. I'm non-domiciled in Ireland (I intend to return to Canada in a few years) so I never paid CGT on my U.S. trading profits in Ireland. I would need to transfer some of that money now from that account in the U.S. to Ireland to refurbish the house and buy a better car. Since I remit that money to Ireland I'm now liable to CGT tax. Do I need to calculate and pay CGT for all the 11 years when I get the money transferred over? On average I buy and sell shares a few times a year.
Thanks
Brian1968