Which tax is due on money depends on its source and, in this case, it appears to be a gift from your parents. Photograph: iStockI am a 54 year old German national and have been living and working in Ireland for the last 27 years, most of it as a self-employed, paying my income tax in Ireland. I’ve always been a renter and have no property in Ireland.
If it was a simple issue of you receiving the rent on a property you owned, then it would be treated in Ireland under normal income tax rules. While we are dealing with the theoretical, domicile is also sometimes an issue on income abroad. While you are resident and tax resident here for a long time, it is still likely that you consider Germany your home and you clearly still have ties there. That would likely make your domicile German.
I’m no expert in German tax law but I suspect they may still be liable to income tax on the rent, regardless, on the basis of the life interest.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: IrishMirror - 🏆 4. / 98 Read more »
Source: IrishMirror - 🏆 4. / 98 Read more »
Source: RSVPMagazine - 🏆 7. / 76 Read more »