CGT on Foreign Investment Property

A. If you dispose of a foreign property, and are a tax resident in Ireland, you must pay Irish CGT.

You may also have to pay CGT in the country that the property is located in.

You may be able to deduct some or all of the foreign CGT you have paid when calculating how much Irish CGT you owe. The amount you can reduce your Irish tax by depends on whether Ireland has a Double Taxation Agreement (DTA) with the country that your property is located in.

If you pay more foreign CGT than Irish CGT you can only claim a credit up to the amount of Irish CGT that you owe.

Date published 1 Dec 2017

This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.