Apartment in sydney want to buy here Stamp duty?
- Thread starter deanwood
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Re: Apartment in sydney want to buy here Stamp duty??
As he is no longer a first time buyer (FTB), there is a strong chance that he WILL have to pay stamp duty (buying a property anywhere in the world means you cannot be a FTB in Ireland).
But stamp duty payable will depend on
(a) value of the property
(b) new or secondhand
Loads of info in the [broken link removed]
As he is no longer a first time buyer (FTB), there is a strong chance that he WILL have to pay stamp duty (buying a property anywhere in the world means you cannot be a FTB in Ireland).
But stamp duty payable will depend on
(a) value of the property
(b) new or secondhand
Loads of info in the [broken link removed]
Re: Apartment in sydney want to buy here Stamp duty??
It's self assesment. He can lie when when he's purchasing the Irish property but then he'd be defrauding the state and would be open to prosecution. If he needs the cash so badly he should just get a gun and hold up old ladies in the street, it'd be much more effecient.
now wanting to avoid paying any taxbut how will the revenue know he owns an apartment in sydney...
It's self assesment. He can lie when when he's purchasing the Irish property but then he'd be defrauding the state and would be open to prosecution. If he needs the cash so badly he should just get a gun and hold up old ladies in the street, it'd be much more effecient.
Re: Apartment in sydney want to buy here Stamp duty??
I will tell them.
now wanting to avoid paying any tax
I will tell them.
Re: Apartment in sydney want to buy here Stamp duty??
you will have to find him first!!!
seriously though I thought he would have to pay stamp duty but he thinks that since he had to pay all the taxes associated with buying a place in Sydney that he actually didn't receive any allowances for buying his first home. I have to say I am inclined to agree with him. He got no benefit from being a first time buyer in Australia from Ireland. Probably opening up another can of worms in this thread but he is back in Ireland now and is paying a high rate of tax as he earns a good salary. And he will be landed with another tax for buying a place here. I know if he buys a new house he wouldn't have to pay any stamp duty but he wants to build his own house so he will be liable for stamp duty.
you will have to find him first!!!
seriously though I thought he would have to pay stamp duty but he thinks that since he had to pay all the taxes associated with buying a place in Sydney that he actually didn't receive any allowances for buying his first home. I have to say I am inclined to agree with him. He got no benefit from being a first time buyer in Australia from Ireland. Probably opening up another can of worms in this thread but he is back in Ireland now and is paying a high rate of tax as he earns a good salary. And he will be landed with another tax for buying a place here. I know if he buys a new house he wouldn't have to pay any stamp duty but he wants to build his own house so he will be liable for stamp duty.
Re: Apartment in sydney want to buy here Stamp duty??
Why on earth should he have received allowances from Ireland for buying in Australia!?
Check out the figures and compare to other countries - Ireland is no longer a high income tax economy.
liteweight
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Personally, I think it should be if you've bought anywhere in Europe, especially in those countries where we have taxation agreements.
I agree with you that there should be some sort of tax agreements between countries. I wasn't saying that he should of got any allowances from the irish governement when the apartment was in Sydney I was just saying he has already paid stamp duty in Oz so he didn't get any allowance for buying his first place like I did with mine. And he wouldn't get any allowances for buying here either.