Foreign rental income

Foreign rental income is considered to be income earned from rent of property (commercial or residential) aboard.

Your domicile (generally the country that is your permanent home) will likely affect how your foreign-sourced income is taxed in Ireland. A person who is resident and domiciled in Ireland must pay tax in Ireland on their worldwide income.

Someone who is not domiciled in Ireland only pays Irish tax on the foreign rental income that they bring into Ireland. This is known as the 'remittance basis' (for funds you send to Ireland from abroad via wire, mail, or online transfer) of taxation. On the remittance basis, you are taxed on the full amount of rental income that you remit and no deductions are eligible against the amount.

More information on the taxation of foreign rental income can be found here.