hi, We have a house in Ireland that is mortgage free but not rented out a family member is taking care of it until it sells, we came to on as PR in September 08, my question is when we eventually sell the house when transfering funds will we be liable for any tax etc x
As long as you sell the property within 6 years (I think) of moving here you will not be subject to capital gains tax (or any other tax) on transferring the money.
Posts: 698 | Location: Sydney | Registered: 18 November 2005
And what about exchange rates will we get the going rate at time of transfer or will we hve to pay tax on the rate gain if not the same as when we took up residency x