N nbc Registered User Messages 286 22 Jul 2014 #1 Hi I'm uk resident for 3 yrs. Considering selling an irish property. Do I pay CGT to Revenue or HMRC? I'm hoping the latter as rate lower! Thanks guys for advice. NBC
Hi I'm uk resident for 3 yrs. Considering selling an irish property. Do I pay CGT to Revenue or HMRC? I'm hoping the latter as rate lower! Thanks guys for advice. NBC
J Joe_90 Registered User Messages 2,222 22 Jul 2014 #2 Irish property is subject to Irish CGT just like Irish property rental income is subject to Irish Income Tax. As you are resident in the UK you may be subject to UK CGT but you will get a credit for any Irish CGT paid.
Irish property is subject to Irish CGT just like Irish property rental income is subject to Irish Income Tax. As you are resident in the UK you may be subject to UK CGT but you will get a credit for any Irish CGT paid.
M mandelbrot Registered User Messages 2,330 22 Jul 2014 #3 1. Irish property, Irish CGT. 2. UK resident, UK CGT. 3. Credit in UK for Irish CGT paid. Due to the fact that liability in UK will be lower, no net tax payable in the UK.
1. Irish property, Irish CGT. 2. UK resident, UK CGT. 3. Credit in UK for Irish CGT paid. Due to the fact that liability in UK will be lower, no net tax payable in the UK.