Regardless of where your residency is, your buy to let income will be taxed in the UK and your employment income is taxed in Ireland. There is a bit of a myth that you only pay tax where you're resident, but in fact there is a little known fact that you are liable for tax on any income sourced in a country and that obligates you to fill out a tax return.
So even if you move to Ireland and don't return to the UK you are still liable for UK tax on UK income.
If you are spending time in both countries you have to establish your main residency, that will be the country where you will be taxed on worldwide income.
Now this isn't something you just decide because you have an obligation to provide documentary evidence to the country where you are not resident, why this is the case, and they will demand it, if there is any siginificant tax involved.
Your main residency will be where your home is. If you have a wife and family or girlfriend it is simple, its where they are. If you are single you need to prove it i.e. keep records of travel and club memberships etc.
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You'd be most likely tax resident in both, from my time in Ireland I got the feeling their tax was higher than UK in general, anecdotally, plus 40 Euro every time you went to Docs, got my goat that did.Leave a comment:
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Going perm.
Quick question... If i was to get a permanent role in Ireland where I was paid in Euros into an irish bank account, whilst continuing with my buy to let properties in the UK, and had the option to split my time across the UK and Ireland, is there an advantage to being a UK resident or Irish resident for tax purposes? In essence there could be an option to spend more time in Ireland to be an Irish resident if that makes more sense from a tax perspective, if not I could spend less time. Many thanks
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