Hi,
If in 2012 a person invests in a unit-linked fund in the UK, then later becomes resident in the Republic of Ireland and disposes of the assets, is this taxed in the normal way?
As I understand it if it was treated the same as an Irish investment there would be a personal exemption of €1,270, and then all gains above that would be taxed at 30%. Or are foreign investment funds taxed differently?
(Lets assume for simplicity's sake that the fund has never been taxed in the UK, so no issue of double taxation arises). I can't seem to find the answer to this on Revenue.ie, or on this site.
Thanks.
If in 2012 a person invests in a unit-linked fund in the UK, then later becomes resident in the Republic of Ireland and disposes of the assets, is this taxed in the normal way?
As I understand it if it was treated the same as an Irish investment there would be a personal exemption of €1,270, and then all gains above that would be taxed at 30%. Or are foreign investment funds taxed differently?
(Lets assume for simplicity's sake that the fund has never been taxed in the UK, so no issue of double taxation arises). I can't seem to find the answer to this on Revenue.ie, or on this site.
Thanks.