If i sell my house in ireland will i have to pay tax?
It depends on your tax status and, more importantly, your tax domicile (which is diffrent from your residence status). If you are an Irish citizen and the house is your Principle Private residence (ie you live there full time), then no, it is exempt from Capital Aquistions Tax. If it is an investment proprrty then sadly, yes! The government will charge you above the (very low) threshold at the prevailing rate. If this is the case, now is the time to sell all those shares you have that have lost you money and offset the loss on those against your gain. If you are an overseas resident for tax purposes then it gets more complcated and depends on your own domestic laws and any dual taxation agreements Ireland may have oin place with that country. |
