Retiring from the UK -Tax implications

A

Acropat

Guest
Hi, I have an aged uncle who has lived most of his life in the UK. His wife died last year and he wishes to return permanently to Ireland to live out the rest of his days. He has been granted a small council house in the country and will pay around €20 pw for his rent - so he is quite happy with everything.
However he owned a small property in the uk and wants to sell it. He also has a some savings - around 10k stg plus the value of the house - around 60k stg he estimates. He's concerned about (i) the tax he may have to pay on his savings and proceeds from the UK house if he transfers the money back to Ireland (ii) the impact or affect on his rental and newly allocated council property here.

What are the tax laws surrounding transfer os savings and are his fears about the council house status well founded?
Any help appreciated.
 
If he sells the house after returning to Ireland the position will be as fillows:
If the house in the UK was his PPR, it will be xexmpt from CGT in the UK and Ireland (the last 3 years are exempt in the UK and the last 12 months of ownership in Ireland) if he sells within those time limits. If it was not his PPR he will be taxable on any gains arising in the UK, and in Ireland but with a credit for UK taxes paid.

With regard to tax on savings income, yes, he will be taxable in Ireland on this wherever it is earned. The transfer of the funds are irrelevant.

I don't know about the council house implications.
 
Tax on savings income, i.e interest, yes, but no tax on savings as already existing.
 
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