Hi All,
I've sold some non-Irish assets, and not planning to remit the proceeds into the country, so as I understand I wouldn't need to pay CGT on it if I am non-domiciled. And this is the tricky part - I do consider myself non-domiciled (I've been living and working in Ireland for 10 years now, but not planning to stay permanently/retire here, and don't own a property here).
What worries me is that this domicile concept is such a vague area! It is obviously not good enough for me to say "OK, I think I am non-domiciled, so I won't pay CGT", and then have Revenue chase me down the road for the tax with all the penalties because they have a different view..
So how could I confirm my non-domiciled status here? Should I contact the Revenue directly, or should I get a tax advisor to do it? I think I'd need something official and in writing from the Revenue to be safe, but I am not sure how to go about it.. Has anyone done it?
Any advice is much appreciated.
I've sold some non-Irish assets, and not planning to remit the proceeds into the country, so as I understand I wouldn't need to pay CGT on it if I am non-domiciled. And this is the tricky part - I do consider myself non-domiciled (I've been living and working in Ireland for 10 years now, but not planning to stay permanently/retire here, and don't own a property here).
What worries me is that this domicile concept is such a vague area! It is obviously not good enough for me to say "OK, I think I am non-domiciled, so I won't pay CGT", and then have Revenue chase me down the road for the tax with all the penalties because they have a different view..
So how could I confirm my non-domiciled status here? Should I contact the Revenue directly, or should I get a tax advisor to do it? I think I'd need something official and in writing from the Revenue to be safe, but I am not sure how to go about it.. Has anyone done it?
Any advice is much appreciated.