Degiro Flatex Info

[Iri2903]

Hello everyone,

Do you know if:

1) We need to declare the Flatex cash account to Revenue as foreign bank account?

2) We need to declare the purchase of an ETF by form 11 even if it is Irish domiciled?

Thanks for your help!!

 

[Geoff Tipps]

Hello everyone,

Do you know if:

1) We need to declare the Flatex cash account to Revenue as foreign bank account?

2) We need to declare the purchase of an ETF by form 11 even if it is Irish domiciled?

Thanks for your help!!

No and Yes

 

[Iri2903]

No and Yes

Thanks Geoff Tipps!

For same ETF bought on monthly basis in 2020, I need to report the purchase made for each month or just the total amount occurred in 2020?

Thanks again!

 

[Geoff Tipps]

Thanks Geoff Tipps!

For same ETF bought on monthly basis in 2020, I need to report the purchase made for each month or just the total amount occurred in 2020?

Thanks again!

Just the total.

No problem.

 

[jpd]

You would need to declare the Degiro account

 

[Iri2903]

You would need to declare the Degiro account

Thanks jpd.

You mean Degiro account as broker or Flatex cash account?

 

[jpd]

My interpretation of "Foreign Bank Account" would include a brokerage account but maybe I'm wrong.

 

[Iri2903]

My interpretation of "Foreign Bank Account" would include a brokerage account but maybe I'm wrong.

Did you declare it as foreign?

I don't know I thought Flatex as foreign bank account as opened with own name.

 

[jpd]

A "foreign" bank account is an account opened in a country outside Ireland - for example UK, Netherlands

A Degiro account is with a Dutch company

 

[Iri2903]

A "foreign" bank account is an account opened in a country outside Ireland - for example UK, Netherlands

A Degiro account is with a Dutch company

I know it. Flatex is a German one. I don't know if they are considered the same thing!

Thanks