Taxes on an Australian house sale.

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mickoneill30

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I'm married to an Australian and we've both moved back to Dublin. She has a house that she's been renting out in Australia for the last couple few years. She's going to sell it now, pay off the mortgage in Australia and pay whatever taxes are due in Australia.
If she brings the remainder into Ireland is she going to be hit with any taxes here?
 
When did she buy the house?
When did she move out and start renting?
Was she a first time buyer?
 
Leave it with me. We have an office in Sydney who would have an answer for this.
 
Cool. Thanks for that. She's an Aussie citizen to make it more complicated. She has a GNIB card here so she can live here but she's not an Irish citizen.
 
Just one further point.
She will be liable to Australian CGT under Australian tax rules.
She may be liable to Irish CGT under Irish tax rules. If she does not remit the funds to Ireland and is not Irish domiciled, no Irish CGT will arise. If she is Irish domiciled or remits the funds liable to Irish CGT but with a credit for any Australian CGT paid.
Also, need to consider the Double Tax Treaty to see if Treaty exempt anywhere.

This is a complex issue and she needs professional advice in Australia and Ireland.
 
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