Working in U.K. - house in Ireland

lane

Registered User
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I bought a new house 6 months ago and have now been offered a new job in U.K.
Has anyone any advice about what to do with my house in Ireland should I decide to take up the new job.
For example, if I rent the house out while I am working abroad, what are the tax implications if I am not resident in Ireland?
 
You will have to pay income tax on the profits from the rental income.

If you sell the house at a later date, you may be liability to CGT - this will depend on whether you come back to live in the house before selling it, the length of time you owned the house but didn't occupy it, amongst other factors.

Of course, you may also have tax issues with the UK revenue.
 
As you are renting out the house within 5 years of purchase, you will also have to pay stamp duty at the rate an investor would have paid when buying the house.
 
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