Where is your investment property located?

France
France
UK
UK
USA
USA
Spain
Spain
Ireland
Ireland


Filing Deadline

Ireland Tax Deadline October 31st


Other Applicable Taxes

Capital Gains Tax

Capital Gains Tax (CGT) is charged at 25% and is payable on gains made on the disposal of certain assets.

The more common chargeable assets are land, houses and shares; however other forms of property may also be chargeable assets.

Capital Gains Tax

For 2009 and subsequent years the tax year is divided into a revised set of two periods:

  • An "initial period" from 1 January to 30 November
  • A "later period" from 1 December to 31 December.

For disposals in the initial period CGT payments are due by 15 December in the same tax year. CGT for disposals in the later period are due by 31 January in the following tax year.

For example, if you dispose of an asset in the period January to November 2010 you must pay the Capital Gains Tax due to Revenue before mid December 2010.

If you dispose of an asset in December 2010 the Capital Gains Tax will be due on 31 January 2011.

Foreign Capital Gains Tax Paid

In most cases, upon disposal of a foreign property you will have paid CGT in the foreign jurisdiction. Therefore, depending on whether a double tax agreement exists between Ireland and the relevant country, you should be entitled to a tax credit in Ireland for any foreign tax paid on the gain.

Gift & Inheritance Tax

Irish Assets are subject to gift or inheritance tax, irrespective of the domicile or residence of disponer or beneficiary.

Foreign Assets are subject to tax if either the disponer or the beneficiary was resident or ordinarily resident in Ireland at the date of the gift/inheritance.


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