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Moving to Donegal from England

  • 30-03-2018 7:54am
    #1
    Fefee
    Registered Users, Registered Users 2 Posts: 15 ✭


    hi peeps,
    im originally from Belfast and hubby from Donegal and have lived in England for 8 years and are now planning to come home with our 2year old.
    We have made 200k and want to use some of it for a home and the rest on a small apartment on our new home grounds or buy another . the idea being morgage free and the other for an income .


Comments

  • #2
    Brego888
    Registered Users, Registered Users 2 Posts: 1,321 ✭✭✭Brego888


    Is there a question here or are you just making a statement?


  • #3
    filbert the fox
    Registered Users, Registered Users 2 Posts: 809 ✭✭✭filbert the fox


    Fefee wrote: »
    hi peeps,
    im originally from Belfast and hubby from Donegal and have lived in England for 8 years and are now planning to come home with our 2year old.
    We have made 200k and want to use some of it for a home and the rest on a small apartment on our new home grounds or buy another . the idea being morgage free and the other for an income .

    you are better off buying a property with an attached potential granny flat/apartment.
    That way our warped housing policy will allow you 14,000euro per annum tax free if you let is out as part of your home.
    Otherwise, you will have Rental Income which is the bane of many a landlord in the state commanding an effective tax rate of over 50%......


  • #4
    Samuel T. Cogley
    Registered Users, Registered Users 2 Posts: 10,684 ✭✭✭✭Samuel T. Cogley


    Fefee wrote: »
    hi peeps,
    im originally from Belfast and hubby from Donegal and have lived in England for 8 years and are now planning to come home with our 2year old.
    We have made 200k and want to use some of it for a home and the rest on a small apartment on our new home grounds or buy another . the idea being morgage free and the other for an income .

    Well best of luck, thanks for letting us know.


  • #5
    Graces7
    Registered Users, Registered Users 2 Posts: 32,634 ✭✭✭✭Graces7


    Fefee wrote: »
    hi peeps,
    im originally from Belfast and hubby from Donegal and have lived in England for 8 years and are now planning to come home with our 2year old.
    We have made 200k and want to use some of it for a home and the rest on a small apartment on our new home grounds or buy another . the idea being morgage free and the other for an income .

    Search on daft.ie? Then contact agents..


  • #6
    myshirt
    Registered Users, Registered Users 2 Posts: 5,245 ✭✭✭myshirt


    +1 On the granny flat idea, albeit not as easy an earner in a rural location like Donegal.

    In relation to the money, presumably that's Sterling. It's a lot of sterling so make sure that you shop around to get a good conversion rate. A friend of mine sold his house in Wales to move to Ireland and literally 3 days before he was going to execute the transfer of the cash, he got a better rate which netted an additional 6 grand in his arse pocket.

    From what you say also, I doubt you are liable for tax on the conversion over to euros, but just tick that off to be on the safe side. You don't want a big bill and penalties down the line.

    Best of wishes on the move, your 2 year old will love it.


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