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Where Taxpayers and Advisers Meet

cgt mooving to southern ireland

hoodshank
Posts:3
Joined:Wed Aug 06, 2008 3:49 pm

Postby hoodshank » Wed Feb 14, 2007 2:52 am

i am mooving to s/ireland next month to purchase a property and live there permenantly.I have other investment propertys in england are there any cgt advantages ido not want to sell now but in a few years.

CDavey9501@aol.com
Posts:513
Joined:Wed Aug 06, 2008 3:13 pm

Postby CDavey9501@aol.com » Fri Feb 16, 2007 6:39 am

UK CGT is mainly based on whether you are resident in the UK. If you leave the UK for good then you should not have any UK CGT when you dispose of your UK investment properties. You are however likely to have an Irish CGT issue. If you are not domiciled in S/Ireland then there may be some tax planning opportunities. This is a complicated area so get some advice.

Also, don't forget that you will have to disclose your UK rental income in the UK and also (probably) in Ireland. As a non-resident landlord the agent/tenant has an onligation to deduct tax from the rents unless you have authorisation from HMRC to be paid gross.


You are likely


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