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Capital Gains Tax on Non Residents

  • 21-06-2015 07:38PM
    #1
    topdost
    Registered Users, Registered Users 2 Posts: 274 ✭✭


    Can someone please explain the situation for capital gains tax for a non residents .

    A friend of mine ' Bob ' is planning to buy a house here in ireland for about 400K now (2015) and dispose it off in 2020 .

    What will be CGT implications .Bob is resident abroad . Although Irish National by passport


Comments

  • #2
    Marcusm
    Registered Users, Registered Users 2 Posts: 10,768 ✭✭✭✭Marcusm


    Irish situated assets are fully within thcharge to Irish CGT irrespective of the residence of the owner (with certain non pertinent exceptions).


  • #3
    topdost
    Registered Users, Registered Users 2 Posts: 274 ✭✭topdost


    So will have to pay 33% as CGT !


  • #4
    relax carry on
    Registered Users, Registered Users 2 Posts: 4,153 ✭✭✭relax carry on


    topdost wrote: »
    So will have to pay 33% as CGT !

    On the chargeable gain if there is one.


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