Hi All
I am an Irish citizen residing in Australia the past 13 years. I have been employed in Australia during this time and have been paying tax on my taxable income (I am also an Aus citizen). I am looking to transfer a lump sum of money from Australia to Ireland for the deposit of a property I intend to purchase in Ireland over the coming months. Approx EUR 70,000+.
I am just trying to clarify if I will be liable to pay tax once the money hits my Irish bank account. Working through the information about the Double Taxation Treaty between IRE and AUS on the Irish Revenue site, Article 2 stipulates that I should be exempt from paying tax on the amount I transfer. However, I just wanted to see if anyone can confirm this, in the event that I am misinterpreting things.
Much appreciated
Eistigi
I am an Irish citizen residing in Australia the past 13 years. I have been employed in Australia during this time and have been paying tax on my taxable income (I am also an Aus citizen). I am looking to transfer a lump sum of money from Australia to Ireland for the deposit of a property I intend to purchase in Ireland over the coming months. Approx EUR 70,000+.
I am just trying to clarify if I will be liable to pay tax once the money hits my Irish bank account. Working through the information about the Double Taxation Treaty between IRE and AUS on the Irish Revenue site, Article 2 stipulates that I should be exempt from paying tax on the amount I transfer. However, I just wanted to see if anyone can confirm this, in the event that I am misinterpreting things.
Much appreciated
Eistigi