Emigrating - when do I stop being tax resident

snappieT

Hi all,

I'm an Irish citizen who's leaving Ireland next week, and I'm a little confused about my tax treatment. The material online says I'm tax resident if:

you are in Ireland for a total of:

• 183 days or more in a tax year
• 280 days or more in a tax year plus the previous tax year taken together, with a minimum of 30 days in each year.

The first point won't be true, I'm leaving before 183 days of 2017 have passed, but the second point will remain true for the remainder of 2017, if I'm not mistaken.

What does this mean for income I earn abroad in 2017? Is it liable to Irish tax?
What does it mean for Capital Gains disposals I make later this year, when I'm no longer living in Ireland?

Happy to speak with an accountant on this matter too (recommendations welcome), but it'd also be good to get some sentiment.

Thanks,
Stephen

Marcusm

Speak to a tax adviser; once resident for a tax year (calendar year) then you are resident throughout the year except for split year treatment for foreign employment income for which you are treated as non resident from the date of departure provided you satisfy the conditions. For CGT, you will likely be resident at least for the full year of departure. Advice is necessary, take by account of the totality of your circumstances.

relax carry on

snappieT wrote: »

Hi all,

I'm an Irish citizen who's leaving Ireland next week, and I'm a little confused about my tax treatment. The material online says I'm tax resident if:


The first point won't be true, I'm leaving before 183 days of 2017 have passed, but the second point will remain true for the remainder of 2017, if I'm not mistaken.

What does this mean for income I earn abroad in 2017? Is it liable to Irish tax?
What does it mean for Capital Gains disposals I make later this year, when I'm no longer living in Ireland?

Happy to speak with an accountant on this matter too (recommendations welcome), but it'd also be good to get some sentiment.

Thanks,
Stephen

I'd be more concerned about being ordinarily resident as you remain that for 3 years as well as domiciled for tax purposes.

Regarding CGT, depending on what the asset is, you may be liable to GCT in any case.

http://www.revenue.ie/en/jobs-and-pensions/tax-residence/index.aspx

snappieT

Thanks for the suggestions, much appreciated. The "ordinarily resident" thing is certainly concerning, though the taxes I would be paying are RTSO1 on share options granted to me by the company (I wonder does this count as "income from employment"), and CGT on selling those exercised options.

Definitely think it's time to speak with a professional. Thanks!