Foreign Property
The purpose of this document is to answer some commonly asked questions concerning the ownership of foreign properties and foreign rental income. The information covers the Irish taxation implications of foreign property ownership and not the tax implications in the country where the property is located. The document follows a 'frequently asked questions' format. The questions are intended to deal with the main issues associated with foreign property ownership:
- acquiring the foreign property
- renting the foreign property
- selling the foreign property
We have also included a sample foreign rental income computation which may help your calculations.
This document is for general guidance only and is necessarily in condensed form. It is not possible to cater comprehensively for the many and varied situations that can arise in practice. If you have a specific query arising from your ownership of foreign property, you should contact your local tax office. However, you should note that Revenue is not in a position to provide information about the tax systems in other countries.
- Acquiring a Foreign Property
- Foreign Rental Income
- Foreign Income Tax Paid/Liability to Irish Tax
- Disposal of Foreign Property
- Miscellaneous Issues
- Sample foreign rental income tax computation