Tax on exit of funds for non resident

T

Tailspin

Registered User
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I am currently resident in Ireland. I bought into a number of rabo funds in the past year. I understand there is a flat rate of 28% tax on exit on any profits made on the funds.

My question is, if I become non-resident by working abroad for a number of years and sell these funds is there likely to be a different tax treatment or does the 28% tax still apply?
 
the 28% won't apply if you are non-resident for tax purposes & you complete a declaration to say you are non-resident at the time of making your claim.
edit : you should probably inform your life company when you become non-res too.
 
Thanks tenchi-fan. quick question, that seems to be good news. does that leave me open to paying tax in the country i am working in? when you say complete a declaration when i am making my claim do you mean declare when i become non-res (leave the country) or when i am filling in a tax form? when you say inform my life company, do you mean, my mortgage protection insurance on my ppr?
 
hi,
yes you probably will have a tax liability in the country you are now resident in.
when i said life company i mean rabo. they will probably have some sort of form (declaration) for you to fill out. You don't become non-resident when you leave the country though, you become non-resident when you're not resident for tax purposes (check the revenues website for the definition)
 
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