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What happens if you leave the country with a tax liability?

  • 11-11-2018 11:45am
    #1
    lg01
    Registered Users, Registered Users 2 Posts: 76 ✭✭


    I have a small apartment which I bought many years ago but it's in a bad area and is still way in negative equity. Costs me a fortune each month and I have not paid the tax on the rental income in a few years. I may be leaving the country and hoping to get it sorted before I go - but if I do not, what happens? What exactly can they do?


Comments

  • #2
    Stanford
    Registered Users, Registered Users 2 Posts: 1,194 ✭✭✭Stanford


    Register a Judgement mortgage against you and force the sale of the apartment


  • #3
    Calahonda52
    Registered Users, Registered Users 2 Posts: 12,888 ✭✭✭✭Calahonda52


    Stanford wrote: »
    Register a Judgement mortgage against you and force the sale of the apartment

    They may not bother as the lender will get paid first, however the system will remember you, for ever.
    Have you done the math, properly, on what you actually owe them?

    “I can’t pay my staff or mortgage with instagram likes”.



  • #4
    Stanford
    Registered Users, Registered Users 2 Posts: 1,194 ✭✭✭Stanford


    Perhaps but once the judgement is recorded OP will never be able to borrow again


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