Moving to ROI to avoid CGT

U

uroman

Registered User
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I am thinking about moving from NI to Dublin to try and reduce CGT liability on property I have there. The property was purchased 6 years ago and there is a gain of approx. €500k which I would like to realise in a tax efficient manner. I was thinking of changing my residency to ROI, move into the property for a year and then sell taking advantage of the PPR rules to reduce the potential CGT liability. The CGT payable would then only be 20% as opposed to 40% in UK.
Does this sould feasible or is there any major restrictions that I am missing??
 
You really should get independent professional tax advice from somebody with knowledge of the Irish and UK tax systems in this situation.
 
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