Recent advice for Tax Resident but Non-Domiciled Individuals
Recent advice for Tax Resident but Non-Domiciled Individuals
Non-domiciled individuals can reside in Ireland tax efficiently. However, failure to plan your move before establishing tax residence in Ireland can have adverse tax consequences.
Here we share some insights on work we have done for non-Irish domiciled individuals over the past 6 months.
Exercising Share Options
Advice to a UK domiciled, Irish tax resident individual on the exercise of share options in his employer’s company, which included liaising with the clients US tax advisor regarding the performance of employment duties in the US.
Non-domiciled individual leaving assets to a family member
Advice to an Irish tax resident, US domiciled individual on the drafting of her Irish and US Wills to mitigate the exposure to Irish inheritance tax on the passing of assets to her daughter under her Will.
How are remittances taxed in Ireland?
Advising a UK domiciled, Irish tax resident individual on the remittance of a non-EU life assurance product into Ireland and on the sale of their UK home.
Termination payment and buy-out of share options for non-domiciled senior executives
Advising a senior executive on the Irish tax implications of receiving a termination payment from his US based employer including the tax implications of the buy-out of unexercised share options.
Business owner moving to Ireland
Advising a US tax resident, Irish domiciled client on the Irish tax implications for himself and his US domiciled wife of becoming Irish tax resident including advice in relation to the potential restructuring of his US business.
Talk to us about how we can help you. For more details, please contact Tom Mahon, Olga Miller, or Sinead Scanlan.