Overseas home owners may be hit with tax bills
A bid to track down “hot money” sent abroad has led to the Revenue Commissioners writing to people who own homes in countries such as Spain, France, Bulgaria, Turkey, and other popular destinations.
The letters received by Irish residents affected by the new crackdown are asking them how the properties were financed, and how they are being utilised. “If the property is being let, please forward a schedule of the lettings for all years,” it states.
