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uk house sale/transfer of funds
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Junior Member
Posted
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
 
Posts: 2 | Registered: 09 March 2009Reply With QuoteReport This Post
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Picture of Colin Hanna
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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 2005Reply With QuoteReport This Post
Junior Member
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Cheers Colin,

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
 
Posts: 2 | Registered: 09 March 2009Reply With QuoteReport This Post
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