J
jacko123
Guest
Thinking of selling a rental property in NI.This property was once my PPR before I moved south. Am Irish tax resident but UK domiciled. I'm pretty sure i'm liable to Irish capital gains on this sale. Have worked out that my liability in UK is zero since I get a lot of generous reliefs in the UK ( like private lettings relief etc). However my calcualtions show a significant liability to Irish CGT.
The last Irish budget extended the remittance basis to cover income from the UK but to my knowledge didnt say anything about capital gains derived from the UK. Am I right? I'm hoping someone will tell me i'm wrong and that I'll be covered by remittance basis if I leave the money in the UK?
The last Irish budget extended the remittance basis to cover income from the UK but to my knowledge didnt say anything about capital gains derived from the UK. Am I right? I'm hoping someone will tell me i'm wrong and that I'll be covered by remittance basis if I leave the money in the UK?