I am advised by the Revenue Commissioners that there is insufficient information provided to enable a conclusive answer to be given as to whether there is a tax liability in respect of the capital funds transferred here. In general, any capital amount transferred into the country by a person who became resident here would not be subject to capital gains tax unless the amount was derived from the disposal of certain specified assets, for example, land or buildings situated in this country. However, that person would be liable to income tax in respect of any income arising from any such capital amount from the time that he or she became resident in this country.
I suggest that the enquiry should be directed to the Revenue District dealing with the tax affairs of the person concerned.