Search results

I don't think it's true, but can someone clarify please, and will Revenue bother? I think that the maximum amount that you can allow for is 10% hence you need the tax residency forms etc. If Latvia witholds 20% you cannot pay the balance of 13% to the Revenue, as the maximum allowable is 10% ...

Well it's the same thing if you live and work in Dubai. One of my ex college mates in Italy works in the oil business and lives with the family in Dubai. He's tax resident in Dubai as he spend most part of the year in Dubai, children go to school in Dubai etc.. Same as a lot of Irish people...

Hi R1, Thanks for the reply, but I don't think you have a good grasp of the topic. Also there are a lot of high caliber and experienced individuals in this forum. My question was really asking whether I need to report something to the Revenue here. Note that this is not tax evasion at all...

Hello, Four years ago I opened a DeGiro account and bought some rollover ETFs using funds from my PAYE income (those ETFs which profit is taxed 41% when sold, or after 8 years). I intend to keep these untouched for the foreseeable future. These ETFs are taxed in Ireland either when I sell the...

Hi Marc, Thanks for the feedback. My conclusions were based on the guidelines published in the Revenue website , reported below for convenience (point 2.) 1.Prior guidance confirmed that investments in ETFs domiciled in the USA, the EEA or in an OECD member state (other than the USA) with...

It's not impossible to buy U.S. domiciled ETF, there are a number of brokers in the U.S. that allow EU residents to open a brokerage account and buy U.S. domiciled ETF but it's not worth it anymore: I did some research a few weeks ago and starting from January 2022 most U.S. domiciled ETFs are...

That's what I also believed but it's not the case any more: there was a review of the ETF taxation last year and the ecosystem has since changed. See the paragraph below from the Revenue website: it looks like that a US ETF is subject to CGT tax only if there is no Irish equivalent ETF (there is...

So I had another look this morning but unforunately I have to give up. It's too complicated, there are no clear guidelines, no black or white scenario. I would also take independent tax advise, but a tax advisor would probably give me his own opinion, based on his assumptions which may be...

Ok, Gordon I did a bit more research tonight (a cold Saturday night in January at home avoiding the pub :) ) and as you say it looks more complicated that what I thought. Everything was black and white until last year (all U.S. domiciled ETFs were treated as normal income therefore taxed...

Thanks Gordon, There must be a guideline then about which ETF qualify for the remittance basis and which can't. I'm sure it can't be a secret: all I can find and understand (from the material that I read in the Revenue site, blogs etc.), is that for Irish/UK and EU ETFs (which are mostly...

The 8 years deemed disposal rule , looks like it's only valid for the Irish/EU ETFs . See the link below table 1 page 3, where it is stated. Then it wouldn't be a concern for me anyway, since I would only be taxed if I remit the capital here, which I have no intention to do...

Indeed it does, I'm not domiciled here. If I have properties in Italy (an apartment rented) plus some farmland (rented as well), and an apartment that I use when I travel there, I have no Irish passport, , born in Italy, italian parents, I travel to Italy at least a few times a year, I have...

Thanks ClubMan, It's an interesting article. Anyway for now I will stick to the U.S. broker and U.S. domiciled ETFs then see how things develop in the future.

Gordon, yes I had the same feeling initially (it sounded like a scam) but I guarantee that I did enough research before transferring 150k to be very confident that it is a reputable company. ClubMan I haven't seen or heard of any Irish legislation or EU directive that forbids EU citizens from...

All, just for feedback.....in the end I opened an account with Tastytrade.com (it took roughly a week to get it approved and transfer 150k from the other broker TD Ameritrade) . Differently than with TD Ameritrade I'm able to buy any US domiciled ETFs without any problems, despite the fact that...

All, I'm from Italy and have been in Ireland for 4 years now since my Irish wife wanted to come back as the parents are aging. Before that we lived in the U.S. for 15 years and I still have an Ameritrade account that I opened while working in Boston (it's on my name only and it always was) and...

Hi thanks JPD for the reply. It's the answer that I was looking for. I spent half the night last night looking for this information after spending most of the day yesterday trying to understand how the ETF taxation works. I only traded directly in U.S. shares so far with a U.S. broker and was...

I wonder if someone could please clarify just one thing for me since I'm not a tax expert (I am a computer programmer). I'm thinking of buying two ETFs as an investment in the new year. I did a background research in the forum and found a lot of information on taxation etc. which I understand...

Windows 2000 probably didn't help either. The last time I was in the datacenter of one of the major hospitals in the country (about a year ago) I was installing a few new servers running Windows 2019, but the two servers on top of them in the rack were hosting some critical apps running on...