Domicile &
Cross Border Issues
So, where are
you from?
Domicile is a legal concept in Irish tax law. It is not legally defined and is not the same as tax residence but more relates to “where you are from”. Determining one’s domicile status is far from straight-forward and the rules established derive largely from case-law.
The impact of being domiciled outside of Ireland is very important from a taxation perspective. It is possible to avail of very beneficial tax treatment for income, gains and gifts / inheritances but careful planning is required.
The impact of being domiciled outside of Ireland is very important from a taxation perspective. It is possible to avail of very beneficial tax treatment for income, gains and gifts / inheritances but careful planning is required.
We can assist in reviewing your domicile status and advising on the taxation implications:
- Preparation of domicile report
- Basis of taxation for non-domiciled persons
- Review of remittance basis of taxation to include deemed remittances and constructive remittances
- Treatment of non-domiciled persons for gift / inheritance tax purposes.
- Optimum structure of capital funds and bank accounts
- Timing of entry to / exit from Ireland.
