Irish pensioners are shocked to find that the UK tax authorities is looking for unpaid taxes from them claiming that Irish Approved Retirement Funds (ARF’s) are not exempt from UK taxes as they had been advised.
The Revenue has begun targeting Irish investors of overseas property in earnest. A large number of Irish investors have now received letters asking for proof that foreign rental income has been declared both with Revenue as well as the relevant overseas tax authority.
As an overseas property transaction and the repatriation of money having made an overseas investment, invariably involve interaction with the Irish Revenue Services, it is important to note some of the information on the Revenue website.
