Tax on money after returning to Ireland From Oz

nicklo

I left for Australia in 1997. I settled and have had family bought house etc..
I am considering selling up here and moving back permanently to Ireland. One big concern i have though is that on entry back to Ireland i would get taxed on the money going back. Would this be the case and if so what percentage? I came here with nothing and have worked extremely hard to get what i have and obviously paying a large sum of tax would change my mind on moving.

nompere

nicklo wrote: »

I left for Australia in 1997. I settled and have had family bought house etc..
I am considering selling up here and moving back permanently to Ireland. One big concern i have though is that on entry back to Ireland i would get taxed on the money going back. Would this be the case and if so what percentage? I came here with nothing and have worked extremely hard to get what i have and obviously paying a large sum of tax would change my mind on moving.

You really need professional advice. If you do things in the wrong order it's easy to imagine circumstances where you could create an unnecesary and easily avoided tax liability here.

beeftotheheels

It should be possible to get the cash back without paying any Irish tax on it (depending on your personal facts and circumstances) but it will come down to timing so you need to get an adviser up front.

It will come down to which country you are resident in at the time of any disposals, and the tax treaty between Ireland and Australia so you need a professional to help you manage it without making any errors.