Tax Changes for Irish Expats and Those Living in Ireland
Published on Friday, September 11th, 2009
A series of significant taxation changes have been proposed in the latest Irish Commission on Taxation report. The report is produced ahead of the next Budget in Ireland in December, by which time the Minister of Finance will have decided upon which proposals to implement, which to amend and which to dismiss.
The tax changes proposed in the Commission on Taxation for Irish expats as well as those living in Ireland are really quite significant and may well affect Ireland’s considered standing as a low taxation nation in which to live and work for example. However, there are a couple of very positive proposals that might benefit the construction sector and the overall housing market in Ireland…so it’s not all bad news.
In this report we’ll discuss some of the most significant tax change proposals that may well affect you if you’re an Irish citizen residing abroad, or an expatriate living and working, earning your income and paying taxes in Ireland. Additionally, if you’re an owner of property in Ireland or you want to enter the market, the proposed tax changes affecting the construction industry will be explored as well.
A new survey by Maplecroft which is a UK based global risk advisory company has examined which countries in the world are likely to be most vulnerable to climate change and which ones will fare best when the ice caps melt, sea levels rise and the climate goes crazy. This report is entirely serious but we’re finding it a little hard to take without a pinch of salt..
Unfortunately the cost of living in Ireland is far from cheap. And we were reluctant to produce this article because we didn’t want it to sound like we at Shelter Offshore focus on knowing the cost of everything but the value of nothing! You see, the value of living a good life in Ireland can be more than worth the relatively high cost of services and goods…
With Ireland actively recruiting the likes of foreign nurses into their health service and a recent report ranking Ireland as the third freest economy in the world, the reasons to move to live and work in Ireland and increasing all the time. And whilst a leading think tank has stated that one should avoid investing in property in Ireland right at the moment, there are more reasons to live in Ireland than not!
If you’re a citizen of the European Economic Area or Switzerland then you are free to move to live and work in Ireland. All others seeking jobs in Ireland require an Irish work permit and these are only available for jobs in certain categories.
So, you’ve found a great property for sale in Dublin for a price that’s a steal compared to last year, you’re ready to buy it, pack up and make the move to live in Ireland - but have you considered all the little details before you take the plunge and give up living in Britain or the US?
When it comes to the cost of living in the Republic of Ireland it’s very fair to say that there’s good news and there’s bad news – what’s more, the cost of living also depends on where you live with UBS recently ranking Dublin the 8th most expensive city in the world in which to live whilst lesser known villages on the coast can be among some of the cheapest places to live in Europe.
