I am a non-domiciled Irish resident tax payer, which means I am only taxed in Ireland on foreign investment income if I remit to Ireland. Likewise I can remit capital without liability to income tax. Question: what constitutes a 'remittance of income', apart from the obvious. If eg I save my foreign interest income in a foreign bank account, does it eventually become capital which I can remit tax-free?
I have tried the revenue commissioners website and can't find the answer. Rumour has it that Ireland uses a slightly different definition of 'remittance ' to that used in the UK - but I can't find details
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