Non-Resident Investment in Irish Property
Non-Resident Investment in Irish Property

Non-Resident Investment in Irish Property

We can assist non-residents seeking to acquire Irish property through an Irish company as part of their investment portfolio.

Non-Resident Investment in Irish Property

In recent months, there has been an increase in the number of non-resident individuals seeking to acquire Irish property through an Irish company. In many cases, these individuals are Irish expats looking to return to Ireland or others simply seeking to invest in Irish property as part of their investment portfolio.

 It can be difficult for non-resident individuals to obtain funding in Ireland personally for such an investment due to restrictions in place with Irish financial institutions providing funds to non-residents. However, these funding restrictions can often be overcome where a non-resident person establishes an Irish Special Purpose Vehicle company (“SPV”). There are specific tax rules that apply to these SPVs that can allow the property acquisition to be managed in an efficient way that also satisfies the strict lending criteria of certain financial institutions.

We have assisted several clients in establishing Irish SPVs for this purpose and have developed contacts with Mortgage Brokers and Solicitors who are familiar with the process and that can facilitate the implementation of this structure.

If you are non-resident and interested in acquiring Irish investment property, please contact us for further information in relation to the Irish tax implications of this SPV investment structure.

Please note: The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation.

Warren & Partners are a boutique Irish tax and business advisory firm based in Ballsbridge, Dublin. Our experienced-team of tax advisors will create unique tax solutions for your specific business needs.

Get in touch

with our experts for Non-Resident Investment in Irish Property

David Kehoe
David Kehoe

Tax Director

Email

MORE ARTICLES

See what’s on our minds

Irish Expats Returning to Ireland – Have you tax planned your move?

According to the CSO, the year to 30 April 2020 saw the highest number of Irish ex pats (28,900) returning to Ireland since 2007. It is vitally important that the ex pat’s financial affairs are managed in a way that the move to Ireland is tax efficient, particularly if they are currently living in a tax jurisdiction with low personal income tax and capital gains tax rates. There are many relevant tax matters which should be considered prior to moving back to Ireland. Our experienced tax team can provide important assistance in this regard.

Read More

New Employer Reporting Requirements for Certain Share Schemes

There are several annual reporting obligations for employers who operate share schemes for their employees which are due for filing with Revenue by 31 March following the year end.

Read More

Recent advice for Tax Resident but Non-Domiciled Individuals

Non-domiciled individuals can reside in Ireland tax efficiently. However, failure to plan your move before establishing tax residence in Ireland can have adverse tax consequences.

Read More