ElstreeFilms
New Member
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I have an ARF in Ireland and have taken both permitted tax free cash from it - plus other large sums which are paid to me by my fund manager after Irish tax. The ARF still has a substantial amount left in it and apart from the 4% compulsory withdrawals, I intend to leave it alone.
I have lived in the UK for the last few years and am a UK tax resident and wondered if and how I need to declare these payments to HMRC.
Can this income be taxed in the UK where I have tax credits?
Or does it have to be taxed in Ireland as it has been?
I now know that the Revenue Commission has a form - Refund of Taxes paid on ARF Distributions
Claim form to be completed by non resident claimant
Would I pay less tax by paying it in the UK?
And claiming back the Irish tax?
Or could I end up paying tax twice?
Any advice welcome.
I have lived in the UK for the last few years and am a UK tax resident and wondered if and how I need to declare these payments to HMRC.
Can this income be taxed in the UK where I have tax credits?
Or does it have to be taxed in Ireland as it has been?
I now know that the Revenue Commission has a form - Refund of Taxes paid on ARF Distributions
Claim form to be completed by non resident claimant
Would I pay less tax by paying it in the UK?
And claiming back the Irish tax?
Or could I end up paying tax twice?
Any advice welcome.
