non resident for tax purposes? + life assurance policy

[Hattrick]

I opened up a quinn life assurance policy in around 2007(need to confirm), I was paying in 100 quid a month and it was growing quite well , and then the global financial crisis happened, and it saw a significat drop(30%) but i was willing to hand on as I had planned to invest in the long-term. Anyhow, at some point goverment started taxing my 100 quid I was investing at 1% so I was effectively only investing 99 quid. I soon stopped my monthly investments, because of this. Then, long story cut short, quinn got took over and my investment now sits with Irish Life, and it is doing quite well, up 35%-ish(need to confirm). But I now see that, if I withdraw,my gain will be taxed at 41%, I think this is new enough also and is up from 33%.

Now after all that drival, I was wondering, could I possibly still keep this investment, but as a non resident? Anyone know the criteria for being non resident for tax purposes? I have been out of the country since 2008, and I thought there was something about a 5 year rule. Also what are the pros and cons with being non resident?

I am not trying to avoid paying tax or do I adocate it, but having said that I am seeking advice on this matter.

 

[John Walsh]

The time period is 3 years and you must not lived in Ireland for more than 183 days each year,issues owning property in Ireland and family circumstances. Do you own rent property.overseas.
http://www.citizensinformation.ie/e...on/tax_residence_and_domicile_in_ireland.html

This a grey area I am sure our desperate revenue will try their best to claw the tax if you have some to pay. Don't you just hate paying 41% on savings ! You must also remember the habitual residence rule over 2 years outside Ireland you lose state benefits.