Hi guys,
I am just wondering if I was to keep working in Ireland and buy my sole private residence in Britain what tax implications would there be. Let me expand upon this, if I was to basically live half the time in each country having residence in Britain could I avail of the rent a room scheme and also claim tax relief on any rent I was paying here from this country? Is there a danger I would get taxed on my income (employee) in both countries or maybe would I have to take out an investor mortgage to buy in Britain if I didnt work there?
I appreicate some may think these are bizarre questions its just I like to move between the two regularly and properties are way cheaper in the parts of Britain I would be thinking of buying in. Am I missing anything I'm sure I am theres always something you forget to ask.
Thanks for any responses in advance,
Q
I am just wondering if I was to keep working in Ireland and buy my sole private residence in Britain what tax implications would there be. Let me expand upon this, if I was to basically live half the time in each country having residence in Britain could I avail of the rent a room scheme and also claim tax relief on any rent I was paying here from this country? Is there a danger I would get taxed on my income (employee) in both countries or maybe would I have to take out an investor mortgage to buy in Britain if I didnt work there?
I appreicate some may think these are bizarre questions its just I like to move between the two regularly and properties are way cheaper in the parts of Britain I would be thinking of buying in. Am I missing anything I'm sure I am theres always something you forget to ask.
Thanks for any responses in advance,
Q