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Based in UK, Buy-to-let in Ireland

3 replies

umck2014 · 14/08/2017 13:03

Hi all. DH and I are considering buying a property in Ireland. He's an irish national, based in UK and paying tax here. I'm a SAHM atm. We're also very new to the UK tax system as we only relocated here this year due to DH's work. Ideally it will be a family home when we eventually move to Ireland in a few years time when LO is older.

We've spoken to a local bank manager in Ireland, we were told that based on our circumstances, we'll need to go via the 'Buy-to-let' route. From our understanding, it means a higher chunk of deposits, higher interest and (it's subject to irish tax?). So we're aware of that.

My questions are:

  1. I'm just wondering is it worth getting a mortgage here in the UK? What does it mean to us, tax wise?

  2. I've been reading on people buying-to-let within EU and some are subject to UK tax on the rental income? DH believes that Ireland they have their own tax system on rental income?

I'm hoping someone who has experience in this or having done this before could give us some tips or some good websites for reliable information? Thank you very much :)

OP posts:
umck2014 · 17/08/2017 21:49

-bump-

Did i post in the right forum?

OP posts:
BarleysFiddle · 17/08/2017 21:59

We live in Ireland and have a rental property. You'll need to do a tax return every year to Irish Revenue and I'm not sure how that is treated in the UK. There probably is a double-taxation agreement but you'll need advice from an accountant for that.

umck2014 · 18/08/2017 09:02

Barleys thanks for your reply.

We are going to see an accountant at some point - just thought I'd do some background research before going in.

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