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Posted Thu, 14 Nov 2024 19:26:00 GMT by Ian Dawson
After details God child receiving A share of house sale in Republic of Ireland person who passed was Irish and never lived in the uk . Do you have to pay Tax in uk as well as Ireland ? If have to pay over here as well what forms and how go about claiming ., is it filled in Ireland then shared over here or other way around ?
Posted Tue, 19 Nov 2024 09:46:01 GMT by HMRC Admin 17 Response

Hi ,
 
As Uk resident is taxable on their world wide income and capital gains. 

The tax treaty between the UK and Ireland allows both countries to charge capital gains tax,
with Ireland retaining the first rights to tax the disposal. 

The beneficiary, would need to convert the values from Euro's to GBP sterling, to work out if there is a capital gain, 
using UK tax rules.

 There is a calculator at :

Tax when you sell property   , which can be used to work out if there is a gain. 

The disposal must be reported in a self assessment tax return, whether there is a gain or not.

Thank you .

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