Moving to Ireland: Essential Tips from an Expat

Irish tax residency for expats is only one part of the picture when moving countries. In this episode, Stephanie Wickham speaks with Australian expat Matthew Bliss about the difference between tax residency and immigration residence in Ireland, planning around citizenship and reckonable residence, and the reality of keeping an Australian rental property while living here. They also discuss foreign rental income, cross-border tax returns and the practical workload that comes with managing property from the other side of the world. They also discuss reckonable residence and why someone planning for citizenship needs to think carefully about time spent outside Ireland. Matthew describes the administrative side of the process and the difficulty of finding a simple answer when immigration information is spread across multiple official resources. For anyone moving to Ireland while retaining a rental property abroad, cross-border planning works better when both countries are considered together. Tax residency, foreign rental income, overseas filing obligations... Sorting out those questions before you move generally gives you considerably more room to plan than trying to reconstruct the position afterwards. Get in touch with Matthew Bliss LinkedIn: https://www.linkedin.com/in/matthew-bliss/ Website: https://www.mbpod.com/ "From My Home to Yours Podcast": https://fmhtypodcast.com/ ***** Use the link below and quote "Expat Taxes" when registering with Currencies Direct to receive a €50 One4All or Amazon voucher when you transfer €5000 or more in your first six months with Currencies Direct. *Click here for a special offer from our sponsor, Currencies Direct* ***** If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at [email protected] or leave a rating and review on Apple Podcasts or Spotify. Taxbytes for Expats is brought to you by ExpatTaxes.ie. If you're considering moving to or from Ireland and would like support with your taxes, book a consultation today: https://expattaxes.ie/book-a-consult/. ***** Chapters: (00:00) Introduction to Taxbytes for Expats (00:50) Irish Residency, Marriage Visas and Immigration (03:08) Planning for Irish Citizenship and Naturalisation (04:39) Tax Residency vs Immigration Residency in Ireland (05:57) Immigration Advice and Getting the Rules Right (08:36) Sponsor Message: Currencies Direct (09:22) Managing an Australian Rental Property from Ireland (10:23) Time Zones, Tenants and Property Management Challenges (12:03) Choosing a Reliable Property Agent Abroad (13:19) Australian Tax Returns and Foreign Rental Income (14:29) Cross-Border Tax, Remittances and Non-Resident Obligations (15:47) Mortgage Administration and the Realities of Overseas Property Ownership

Ordinary residency in Ireland can have important tax consequences, particularly for people planning to leave the country after several years of Irish tax residence. In this episode, Stephanie Wickham explains how ordinary residency differs from tax residency, when it begins and ends, and why it can keep certain income and gains within the Irish tax net after departure. She also looks at Double Taxation Agreements, treaty residence, temporary non-residency rules and why advance tax planning matters before selling an asset or business. For expats, returning Irish residents, founders and investors with cross-border assets, timing can make a real difference. If you are planning to leave Ireland and expect a significant transaction after departure, it is worth reviewing your tax residency, ordinary residency, domicile and treaty position before the move or disposal takes place. About the Host Stephanie Wickham is a Chartered Tax Adviser and Chartered Accountant and the founder of Expat Taxes. She specialises in Irish and international tax matters affecting expats, returning Irish emigrants and people with ongoing cross-border tax obligations. Her own experience of living in Australia for eight years before returning to Ireland also gives her a very practical understanding of what an international move involves beyond the tax return. LinkedIn: https://www.linkedin.com/in/stephanie-wickham-b4aba13b/ Website: https://expattaxes.ie/

Preliminary tax in Ireland can catch expats by surprise, particularly when they file their first Irish tax return. In this solo episode, Stephanie Wickham explains who may need to pay preliminary tax, how the payment is calculated and why cash-flow planning matters. She covers the rules for chargeable persons, the different bases available for calculating preliminary tax, Revenue filing deadlines and some of the practical payment issues that arise when income or funds are coming from overseas. For expats, the wider lesson is to look at Irish tax obligations before the filing deadline is approaching. Foreign income, self-employment, overseas tax payments and the timing of a move to or from Ireland can all affect the position. A relatively small amount of planning earlier in the year can make a real difference. About the Host Stephanie Wickham is a Chartered Tax Adviser and Chartered Accountant and the founder of Expat Taxes. She specialises in Irish and international tax matters affecting expats, returning Irish emigrants and people with ongoing cross-border tax obligations. Her own experience of living in Australia for eight years before returning to Ireland also gives her a very practical understanding of what an international move involves beyond the tax return. LinkedIn: https://www.linkedin.com/in/stephanie-wickham-b4aba13b/ Website: https://expattaxes.ie/

This is a guest episode of "Ask About Wealth" where Stephanie Wickham talks about tax planning for expats with Paul Overy. To find out more, head to AskAboutWealth.ie. Tax planning for expats in Ireland can make a significant difference before an international move takes place. In this guest episode of Ask About Wealth, Stephanie Wickham explains how Irish tax residency, ordinary residence and domicile affect people leaving Ireland, returning home or moving here for the first time. She also discusses the remittance basis of taxation, Double Taxation Agreements, foreign income and investments, and why taking advice before relocating can help avoid unexpected Irish tax liabilities. About the Guest Stephanie Wickham is a Chartered Tax Adviser and Chartered Accountant and the founder of Expat Taxes. She specialises in Irish and international tax matters affecting expats, returning Irish emigrants and people with ongoing cross-border tax obligations. Her own experience of living in Australia for eight years before returning to Ireland also gives her a very practical understanding of what an international move involves beyond the tax return. LinkedIn: https://www.linkedin.com/in/stephanie-wickham-b4aba13b/ Website: https://expattaxes.ie/

Moving from the United States to Ireland creates a tax position that can be more complicated than many people expect. US citizens generally remain within the US tax system after moving abroad, while becoming liable to Irish tax under Ireland’s rules on tax residency, domicile and income source. US tax planning when moving to Ireland is the focus of this episode with Stephanie Wickham and US expatriate tax specialist Josh Katz. They explain how state residency, foreign tax credits, filing deadlines and investment rules can affect Americans living in Ireland. Stephanie and Josh also discuss how US state tax residency can continue to affect Americans after they move to Ireland, estimated US tax payments, and why taking advice before the move can help estimate the Irish liability. Planning before the move is essential. Selling shares, funds or a US property before becoming Irish tax resident may produce a different result from selling after arrival, particularly where Irish Capital Gains Tax would otherwise apply. Timing can make a real difference, although pre-arrival sales are not automatically appropriate for everyone. Key Topics in this Episode: why leaving the US does not automatically end state tax exposure how foreign tax credits may reduce US tax on income taxed in Ireland why mid-year moves and mismatched filing deadlines cause practical problems how estimated US tax payments can affect cash flow after moving why PFIC rules matter when Americans buy Irish or European funds when selling investments or property before arrival may be worth considering how Irish and US tax advisers coordinate cross-border tax returns when detailed planning is valuable and when the first tax return may be sufficient