Q&A: There are plenty of reliefs for people moving here permanently, but being organised will help you avoid falling into a web of confusion
People worry a lot about moving money across national boundaries when they relocate for work or some other reason. Headlines about Revenue clampdowns on “offshore assets” often add to the general confusion.
As you refer to in your letter, the situation would be different if you had rented the property out for some of the time, but you say you haven’t. So there is no capital gains tax in Ireland or in the UK. With your savings, there is nothing to stop you bringing them across to Ireland on the assumption that they all derive for previously taxed income or income that was not liable to tax. The only issue with “offshore assets” for Ireland’s Revenue is with money that should have been taxed but never was.
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