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Non dom status

Yellow_Fern · 2022-11-16 17:38:17

Hi all, Some people living in Ireland have the opportunity to be tax resident here but be non domiciled. If such a person was from a state like say UAE or Hong Kong with low taxes on investments, it would allow an enviable situation where overseas income would not be taxable here provided it was not remitted to Ireland.…

16-11-2022 05:38PM

#1

Yellow_Fern

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Join Date: December 2019

Posts: 2573

Hi all,
Some people living in Ireland have the opportunity to be tax resident here but be non domiciled. If such a person was from a state like say UAE or Hong Kong with low taxes on investments, it would allow an enviable situation where overseas income would not be taxable here provided it was not remitted to Ireland. However, I have been told this varies depending on whether it is income or capital gains. I have been told capital gains don't have this option as gains are chargeable under Sch D Case IV (offshore fund rules). Does anyone have more information on this? It seems a high yield dividend strategy would be the appropriate strategy in this case.

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