Hey folks. I’m an Irish citizen and full time Irish resident and tax payer who works remotely for a UK company. I am considering moving full time to Portugal under the Non Habitual Residents (NHR) scheme as save some money on income and CGT. I have shares in my company which will pay out in the next 2 years and I’m trying to understand: if I’m not obligated to pay Capital Gains Tax on these shares under the NHR programme, does that mean I don’t have to pay them in Ireland either? Irelands CGT is 33% which is just mental and I need to try and avoid paying it if possible.
What makes you think you will be eligible for double exemption on CGT here?
Besides I am not aware of any benefit to CGT rates under NHR, unlike PIT for example.
I’m not sure, which is why I’m asking Tommy.
Ok no worries. The best case for you would be to choose where to pay your CGT as with PT you have a ‘choice’ of being a PT tax resident and therefore paying your CGT there vs Ireland possibly. But the NHR is unfortunately not any more useful as it does not relieve CGT.