Sold property outside Europe - Irish tax on income

Builderfromhell · 14-09-2016 01:06AM #1

A Irish Citizen who came to Ireland 15 years ago and has a business in Ireland is selling land in Chile to bring funds to Ireland to purchase a house here. Funds are approximately 180,000 euro.
Will be taxed on sale of land in Chile. Will huge tax bill be payable here if money is lodged in Irish bank account

Mrs OBumble · 14-09-2016 01:23AM

If the Irish Citizen is tax resident here, I believe they will be liable for captial gains tax here - irrespective of where the property is located, and whether or not the cash is lodged into a bank account here.

Graham · 14-09-2016 01:40AM

Talk to a qualified accountant, it looks like there's a treaty between Ireland and Chile for the avoidance of double taxation:

http://www.revenue.ie/en/practitioner/law/double/chile.pdf

Builderfromhell · 15-09-2016 10:49AM

Thanks.
I wonder how capital gains tax is assessed.

Mr. Incognito · 15-09-2016 02:28PM

Builderfromhell wrote: »

Thanks.
I wonder how capital gains tax is assessed.

Dont wonder- Hire a professional.

Sold property outside Europe - Irish tax on income

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