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foreign property tax

roseofthehill · 2017-12-02 11:08:07

Hi, I have a property in Fuerteventura and am thinking of selling it. I have it about 10 years and haven't rented it out. if I sell it I will make a slight overall loss and will obviously pay all Spanish taxes. My question is will I be liable for any Irish tax? Im assuming capital gains won't apply as I'm selling for…

02-12-2017 11:08am

#1

roseofthehill

Registered Users, Registered Users 2 Posts: 1 ✭

Join Date: December 2017

Posts: 0

Hi, I have a property in Fuerteventura and am thinking of selling it. I have it about 10 years and haven't rented it out.

if I sell it I will make a slight overall loss and will obviously pay all Spanish taxes.

My question is will I be liable for any Irish tax? Im assuming capital gains won't apply as I'm selling for slightly less than I paid for it but I'm wondering if the fact I didn't make a voluntary displeasure before 1 May this year (I felt I didn't owe tax) will cause problems.

Any advice appreciated

Rose

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