Steph Wickham

Are you here for a sufficient number of days?

And then a secondary concept, which is called ordinary residency.

And this concept, essentially, it's quite far reaching because it keeps you in the Irish tax system for three years after you leave.

And people can get quite concerned about this.

So our job as advisors is to work out where they're going, what their income sources are, what the potential gains are likely to be and how this ordinary residency charge to taxation is going to impact them.

Because quite interestingly, ordinary residency actually taxes people on a worldwide basis for income and gains, with some limited exceptions.

So if you're talking or thinking about going abroad and you have assets, perhaps it's

US listed shares, you know, an Irish property, a foreign asset, and you're looking to go to a jurisdiction that we have a treaty with, or perhaps we don't, you really should be taking tax advice to understand, you know, what are my obligations to Irish revenue?

now as we were saying before we started to record generally speaking with the right advice and planning this doesn't need to be a disaster you know people can get quite worried about this they think oh i don't want to become an ordinary resident because it's this you know enduring connection with ireland from a tax perspective and that that doesn't have to be the case but i think it's really just to kind of highlight the specifics of where you're going

how long you're going for and what you have really matter because we will often find that clients come to us really concerned about a problem maybe because they've done some very good research themselves and the conversation will take a completely different turn because they haven't known the right questions to ask and then we can guide them as to we'll consider this do or don't do this and we can get to a nice conclusion.

Yeah, really good question and a really common concern.

That specific case you gave, no, it's highly unlikely that there's any issue there.

The first reason is because, broadly speaking, the employment income is outside the charge to tax, even if they remain ordinarily resident in Ireland.

So there's specific legislation and reliefs that are designed to prevent Ireland taxing employment income after you've left.

And that's a concern.

And then a follow on question, you know, when you're talking to that client is, you know, I'm earning a good salary and I'd like to bring it back with me to Ireland to buy a house.

So we navigate that with them and give them the comfort in many cases that that is not taxable if they bring it back.

So that's something that people need to be aware of.

Yeah, in most cases.

So perhaps Dubai wouldn't be a scenario where we'd see it too often, but you would sometimes have people presume, and we hear it frequently,