US Tax Exempt Investments - Irish Return

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eireog

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I retired to Ireland at the end of 2008. I need to complete an Irish tax return for 2009 (currently going through it). I filed my US tax return for 2009 earlier this year.

My only income is from investments. Ireland & US have a bilateral tax agreement, but an amount of my income is from investments that are tax exempt in the US. Does anyone know how this type of investment is treated on completing the Irish return (i.e. if they are not considered tax exempt on my Irish return, I will get stung?).
 
What type of investments are they?
Would need more details to advise - is it an IRA, 401K plan, or just investments - if so, whay types of investments?
 
These are 'just investments'. Bonds in state, university, etc. None of this is IRA or 401k
 
Depending on your residence ordinary residence and domicile status in Ireland the US investments may be taxable on the arising or remittance basis.

You need to take professional advice regarding your status, before you can look at whether the income is taxable here on the remittance or arsising basis.

If you are taxable in Ireland on this income you will get a credit for any US tax paid, but if they are tax exempt in the US, there will be no US tax credit available to set against this liability

www.taxingtimes.ie
 
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