Rental Income On Foreign Property

E

Eggball

Guest
I'm sure somebody must have asked this before, so apologies if I'm going over old ground. My fiancee (a UK national) and I each own our own properties, one in Dublin and one In Edinburgh. No mortgage outstanding on either. We've decided to invest in a third property, probably in Scotland. My question is, assuming all British tax due on rental income was paid, what if any tax would I be liable for here in the Republic on any income which I then received from the property (ie, after the British tax was paid)? Is there any kind of reciprocity or waiving of tax between EU states, or would I be liable for a second belt of tax on income sent to me in this country?
 
If you a resident in Ireland. You will be taxable on the scottish rent here and you will get a credit for the UK tax paid.

You will be taxable on the rent after deduction of the normal allowable expenses
 
Thanks Arch. So I'll be paying tax to the Irish revenue, less what I'll already have paid to Her Majesty's jackals. Is that correct?
 
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