F
FROMELT
Guest
In 1991, I purchased a house in the US. for approx $80,000 and have it rented out for the last 6 years, It is now valued at $200,000. I am thinking about selling it, to use the proceeds from the sale to purchase a house here as I don’t own anything here. would this be a good time, & what tax liabilities would I have to pay. Would I have to pay capital gains in the us & Ireland. Any idea, on what I would gain, or the best option available to me to limit the tax liability. I am a PAYE worker with a salary of €50,000 and pay tax on the rental income to the revenue commissioners here in Ireland.
PS, anyone have any idea’s on the tax forms to download from the US Inland revenue
Thanks
PS, anyone have any idea’s on the tax forms to download from the US Inland revenue
Thanks