"Tax free" Irish government bonds

mugston

I hold some fixed return investments in the Irish government that the Irish govt advertise as tax free - https://www.statesavings.ie/our-products.

I assume when I become a UK resident, the interest will be fully taxable?

I understand interest earned (ie withdrawable) is what is taxed in a UK tax year.

The Irish platform is primitive and does not show historical balances – I assume I should check the balance on 6th April each year and subtract it from the balance one year previous to calculate my taxable interest each year?

Thanks.

MacPingu1986

Not sure on the specifics but as a general rule national schemes/products that are tax free in that jurisdiction don't take that tax free status with them if you become tax resident in another jurisdiction. (eg: I had to pay tax overseas on my UK ISA income when I was tax resident abroad).

So yes unless there any agreement between the UK and Irish govs re these bonds, from the date you become UK tax resident the interest earned in each UK tax year will be taxed (for that UK tax year)

Jeremy535897

There is no such agreement, so tax is payable as outlined above.