Hello, I am knew to this forum and I apologize in advance if I am posting in the wrong area.
We plan to return to live in Ireland next year (2018) permanently. I moved to the U.S in the 80's and since have become a citizen of both countries. We are planning to refinance a rental property that we own and use the equity (approx $150000) to help buy a house in Ireland. We want to take advantage of the favorable Euro/USD exchange rates that are available at the moment. We are wondering would there be any taxes owed either in the U.S or Ireland when we exchange the money?
We plan to return to live in Ireland next year (2018) permanently. I moved to the U.S in the 80's and since have become a citizen of both countries. We are planning to refinance a rental property that we own and use the equity (approx $150000) to help buy a house in Ireland. We want to take advantage of the favorable Euro/USD exchange rates that are available at the moment. We are wondering would there be any taxes owed either in the U.S or Ireland when we exchange the money?
