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Foreign interest - Remittance basis & Resident

  • 23-12-2017 12:19pm
    #1
    Heisenburg81
    Closed Accounts Posts: 322 ✭✭


    Quick one on non - domiciled residents.
    If they have foreign deposit accounts earning interest, if the interest is transferred into a separate account, does it then become capital on the 1st January of the following year and can be remitted tax free.
    The interest can be transferred back to the main account and then remitted?
    Is it that simple?


Comments

  • #2
    Heisenburg81
    Closed Accounts Posts: 322 ✭✭Heisenburg81


    Foreign employment income pre arrival in Ireland, foreign interest and dividends all in the one jointly owned foreign current account.
    If one spouse resident and the other non resident (both non dom), can the non resident state that any remittances are hers and not taxable under remittance basis?
    Or can revenue deem it income of the resident spouse and taxable?


  • #3
    barneystinson
    Registered Users, Registered Users 2 Posts: 4,685 ✭✭✭barneystinson


    Seriously, at 2 o'clock on Christmas Day, you've nothing better to be doing... :(


  • #4
    Heisenburg81
    Closed Accounts Posts: 322 ✭✭Heisenburg81


    barneystinson wrote: »
    Seriously, at 2 o'clock on Christmas Day, you've nothing better to be doing... :(

    Pot & Kettle?!!
    AITI assignment due 2nd Jan.... Want to get it done early and get study time.
    Any advice on the query?


  • #5
    ID@THEWIDOWS
    Closed Accounts Posts: 51 ✭✭ID@THEWIDOWS


    You might aswell have put the assignment up and ask everyone to do a section for you.


  • #6
    barneystinson
    Registered Users, Registered Users 2 Posts: 4,685 ✭✭✭barneystinson


    ID@THEWIDOWS wrote: »
    You might aswell have put the assignment up and ask everyone to do a section for you.

    :pac:

    Have a look through the posting history...!


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  • #7
    nxbyveromdwjpg
    Closed Accounts Posts: 4,402 ✭✭✭nxbyveromdwjpg


    Heisenburg81 wrote: »
    Foreign employment income pre arrival in Ireland, foreign interest and dividends all in the one jointly owned foreign current account.
    If one spouse resident and the other non resident (both non dom), can the non resident state that any remittances are hers and not taxable under remittance basis?
    Or can revenue deem it income of the resident spouse and taxable?

    What's the answer to this one?


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