Tax Domicile: What it means and why it matters (SUMMER REPLAY)
Description
Hey everyone, Stephanie Wickham here with another episode of TaxBytes for Expats. In this week's replay, we're diving into the important topic of tax domicile from an Irish perspective.
Now, your tax domicile is a key factor in determining your exposure to Irish taxes, especially for those of you moving to Ireland from abroad. We'll run through the different types of domicile, how to determine yours, and what it means for your tax situation.
I know it can seem a bit complicated, but don't worry - we'll break it down in plain English so it's easy to wrap your head around. Whether you've got an Irish domicile of origin or you're looking to understand what a domicile of choice means for you, this episode will point you in the right direction.
Main Topics discussed in this episode:
- Definition and overview of tax domicile from an Irish perspective
- Types of domicile: domicile of origin, domicile of choice, and domicile of dependence
- Acquiring a domicile of choice and the burden of proof on the taxpayer
- The importance of determining domicile for Irish tax exposure, particularly for foreign income and gains
- The remittance basis of tax for non-Irish domiciled individuals who are Irish tax residents
Disclaimer: The information provided in this podcast is for general informational purposes only and should not be construed as legal or tax advice. Always consult with a qualified tax advisor or accountant regarding your specific situation. The hosts and guests of this podcast disclaim any liability for actions taken based on the information discussed.
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