Is there any tax on money received from abroad??

macshah

Hopefully someone will guide me as I'm pretty new here and clueless about this stuff .

I am a foreign worker (non-EU citizen) and working in Ireland for the last two years on work permit in a multinational company. My wife is a house wife and not working. She does not have her separate bank account, but share a joint saving account with me.
My father-in-law has recently distributed a part of his heritance among his children, out of which my wife has got her share which is equivalent to €10,000. My father-in-law wants to send this money from our native country to my wife here in Ireland. I just want to know if there is any kind of tax/deduction on this money. If he sends this money in our joint saving account, do I need to declare it in my tax returns??

Any response/help will be highly appreciated.

//Mac

nompere

Based on what you say, it's very hard to see that there could be any tax liability in Ireland.

Mr. Incognito

If you are employed in Ireland then your employment that relates to your Irish duties falls to Irish tax here.

In relation to the inheritence, this is known as a capital remittance.

As long as your are non domiciled ( i.e an Irish citizen), and non ordinarily resident (i.e here three years of longer ) you are here two then there is no charge to Irish CGT on the remittance.

macshah

Thanks guys, really apprecite your feedback.

//Mac