I've trawled the Revenue site in detail looking for clarification in relation to how long an absence abroad and for what purposes is "exempted" in terms of the determining whether or not a property remains one's PPR but to no avail. Even the tax briefings don't seem to clarify this point. I guess that the only option is to ask Revenue directly and/or seek independent, professional opinion on the matter from a tax expert?rubberduckey said:Thanks Glenboy.
On a more somber note, i do take my responsibilities to the state quite seriously and do not want to break any tax legislation.
Can anyone on the forum or revenue tell me where the line is.
1. If i go on a 4 week holiday to Italy am i liable for stamp duty clawback,all the time returning to my original home in Dublin??
2. If i go on a 3 moth jolly to New Zealand to follow the lions rugby tour am I liable for stamp duty clawbank, all the time returning to my original home in Dublin??
3.If i go on a tour round the world for 6 months, never staying in one country for more than 3 weeks, am I liable for stamp duty clawbank, all the time returning to my original home in Dublin??
i guess this is the crux of the issue, advise would be most appreciated.