K
katiecurls
Guest
Hi All
I am hoping to relocate to Dubai in January 2009, I have been trying to find out information on what tax I am liable for in Ireland when I want to come home. I will initially be gone for a year and if things go well, 2/3 years.
I will want to return home for holidays during the year (only for four weeks in total spread over a year), however I understand I have to be out of the country for 183 days to be exempt from irish tax. Do I have to be out of the country for 183 days before I return for my first visit or is this over 12 months, to be out of the country for a total of 183 days?
Also, I have a mortgage here in Ireland, I have funds in Ireland to cover the mortgage for 7-8 months, however after what time can I transfer funds home to cover this loan and what is the best way to do this. Do I simply transfer funds into my irish bank account? Does it matter whether this is in a lump sum or should I do it on a monthly basis.
When I finally do return, after say 2 years, is there any implications on transferring my lump sum of savings earned abroad in Dubai into my Irish bank account?
Thanks to anyone who can offer advice on this! I rang revenue and they said I had to be out of the country for three years before I would not be liable for tax, but this doesn't sound right!
I have also tried to find good articles on the net about this but to no avail, so if you know where I may find further details, let me know!
Thanks
I am hoping to relocate to Dubai in January 2009, I have been trying to find out information on what tax I am liable for in Ireland when I want to come home. I will initially be gone for a year and if things go well, 2/3 years.
I will want to return home for holidays during the year (only for four weeks in total spread over a year), however I understand I have to be out of the country for 183 days to be exempt from irish tax. Do I have to be out of the country for 183 days before I return for my first visit or is this over 12 months, to be out of the country for a total of 183 days?
Also, I have a mortgage here in Ireland, I have funds in Ireland to cover the mortgage for 7-8 months, however after what time can I transfer funds home to cover this loan and what is the best way to do this. Do I simply transfer funds into my irish bank account? Does it matter whether this is in a lump sum or should I do it on a monthly basis.
When I finally do return, after say 2 years, is there any implications on transferring my lump sum of savings earned abroad in Dubai into my Irish bank account?
Thanks to anyone who can offer advice on this! I rang revenue and they said I had to be out of the country for three years before I would not be liable for tax, but this doesn't sound right!
I have also tried to find good articles on the net about this but to no avail, so if you know where I may find further details, let me know!
Thanks