Non Resident and capital gains?

W

Whizz

Guest

• 3 Oct 2005

• #1

Hi

I have property in my name in Ireland since 2001, however I have been living and working in Holland since 2000. If I now want to sell, will I be subject to capital gains tax?

With the proceeds I intend to purchase property in Holland to rent. What implications may that have for me tax wise in Ireland and Holland.

Thanks for any information.........

Whizz

 

R

RainyDay

Registered User

Messages

4,505

• 3 Oct 2005

• #2

Where are you tax-resident?

 

C

ClubMan

Registered User

Messages

50,689

• 3 Oct 2005

• #3

You might find some answers on the [broken link removed]. It's also possible that Dutch tax law (e.g. liability for CGT or other taxes in The Netherlands) and/or the [broken link removed] between the two countries might be relevant too. If in doubt get independent, professional advice.

 

W

Whizz

Guest

• 3 Oct 2005

• #4

Hi Rainyday

I am tax resident in holland.

Cheers
Whizz

 

C

ClubMan

Registered User

Messages

50,689

• 3 Oct 2005

• #5

The Revenue Guide to CGT outlines so of the rules applicable to disposals of assets by people not resident/ordinarily resident in Ireland in case that helps. If you are liable for Irish CGT or other taxes then the double taxation agreement may allow you to claim a credit or refund in respect of these liabilities in the country of residence.