taxes

Capital Acquisitions Tax

Capital Acquisition tax in Ireland includes both gift tax and inheritance tax. The tax is chargeable on inheritance or gifts—and all properties located within Ireland. It is also applicable where the giver or receiver is resident in Ireland for tax purposes even if the property concerned is not in Ireland.

Double Taxation Treaty between Ireland and Turkey

Although the diplomatic relations between Ireland and Turkey do not stretch back from century old, they have significantly strengthened over the past years. Both the two countries are active members of many European organizations such as the Organization for Security and Co-operation in Europe (OSCE), Organisation for Economic Co-operation and Development (OECD), the Council of Europe, World Trade Organization (WTO) and the Union for the Mediterranean..

Double Taxation Treaty between Ireland and Luxembourg

Irish and Luxembourgian Plenipotentiaries met on the 14th of January 1972 to sign the Double taxation agreement between Ireland and Luxembourg. Their goal was to avoid double taxation and fiscal evasion in regards to capital gains and income of their nationals. Over the years, the bilateral ties of the two countries have strengthened and both countries are members of the Organisation for Economic Co-operation and Development, the Council of Europe, and the European Union.

 

What you need to know before buying property in Ireland

The process of purchasing property in Ireland is not that different from other European countries. If you have all the funds needed at once, it’s even easier and faster. As a general rule, foreigners who want to buy property in Ireland are expected to make a 30-50% deposit. If you want to buy the property through a mortgage, you should keep in mind that the application process can be quite a challenge as most Irish banks consider non-Irish residents a greater risk.