Posting on behalf of old age pensioner (Irish)
Sold house in US (had been left to him by relative)
No US income tax to be paid as proceeds of sale is under limit of 300K and also he is non-resident in US. (real estate taxes have been paid/settled)
No US bank a/c
What is the best way of bringing back the funds to Ireland and also what tax liability would there be and what ways of reducing tax liability?
Sold house in US (had been left to him by relative)
No US income tax to be paid as proceeds of sale is under limit of 300K and also he is non-resident in US. (real estate taxes have been paid/settled)
No US bank a/c
What is the best way of bringing back the funds to Ireland and also what tax liability would there be and what ways of reducing tax liability?