The Tax Benefits of Moving to Ireland

Before we look at the tax advantages in Ireland for non-Irish domiciled individuals, it is important to understand the concept of 'domicile'.

Your domicile is the country in which you live with the intention of staying there permanently. It can be different to your residence or nationality. In general, you will not be considered Irish domiciled if neither you nor your parents were born in Ireland. Your domicile can be changed to a 'domicile of choice', although this is highly unusual.

The tax benefits of moving to Ireland for individuals who are non-Irish domiciled include:

• Taxation limited to Irish-sourced income and gains due to the 'remittance basis' of taxation.
• Simple claim process for the 'remittance basis' by ticking a box on the annual tax return.
• Tax-free remittance of pre-arrival income and gains, facilitating efficient funding of expenses.
• Limited exposure to Irish Capital Gains Tax (CGT) and Capital Acquisitions Tax (CAT).
• Ireland does not have a wealth tax.
• Potential availability of SARP relief.

We recommend that you seek expert advice if are planning on moving to Ireland or have recently moved to Ireland. The tax benefits available to you depend on your personal circumstances. An application to be made to Revenue in order to avail of certain reliefs.