Sale of a foreign property - Tax implications

TP_CM

If a Colombian person has lived and worked in Ireland for 4 or 5 years, and meanwhile sells their apartment in Colombia making a profit of around 100k euro, what would the tax implications be if they moved that money to Ireland with the intention of putting it into their Irish mortgage? Is this the best option do you think, or is there some better, above board way of utilizing those funds?

Marcusm

the person will be resident and ordinarily resident but will not generally be Irish domiciled unless that was their domicile of origin (generally father’s domicile) or have chosen Ireland as a permanent home such that they have acquired a domicile of choice in Ireland. If domiciled here then the gain on the Colombian property wil be taxable in Ireland irrespective of whether the funds are sent (remitted) here. If the person is not Irish domiciled then he/she is only liable to Irish CGT to the extent that the gain is remitted here. Even then there would need to be an Irish computation of the flagon including consideration of whether any PPR relief is available for periods prior to coming to Ireland.