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DIRT for Non-Residents

RayJ · 2014-05-31 09:21:12

I am Irish but live in Australia. Recently due to the slightly higher AUD I have transferred a lot of $$$ back to €€€ as I expect the AUD to fall by the end of the year. What do I do with my cash in Ireland? I am slightly bearish on the markets with many at highs so am thinking of going back to old-fashioned bank accounts…

31-05-2014 9:21am

#1

RayJ

Registered Users, Registered Users 2 Posts: 23 ✭

Join Date: December 2008

Posts: 22

I am Irish but live in Australia. Recently due to the slightly higher AUD I have transferred a lot of $$$ back to €€€ as I expect the AUD to fall by the end of the year.

What do I do with my cash in Ireland? I am slightly bearish on the markets with many at highs so am thinking of going back to old-fashioned bank accounts for the short term.

But the rates are low - someone mentioned to me previously that if you are non-resident that you are exempt from DIRT. Does anyone know if there is any truth in this? It would make accounts such as Nationwide's 4% regular saver reasonably ok.

Appreciate your advice as I'm unfamiliar with the Irish market these days.

Thanks.

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