Setting up a brokerage account with a firm who do not offer a Joint account facility for my wife. This will cost me extra CGT on any profits, as all shares will be in my name. Dividend income will also attract extra USC as my wifes income is under € 12000, so no benefit for her being exempt from USC . Neither is a very big sum at present , but have hopes of increase as years go by.
Cant find any definite rules on Revenue web site and will be grateful if anyone can advise me .
Im thinking along the lines of an informal agreement between wife and myself that she owns half of the brokerage account , but of course the important thing is what Revenue would think if I was audited.
Will be thankful for any advice or information . Nodo.
Cant find any definite rules on Revenue web site and will be grateful if anyone can advise me .
Im thinking along the lines of an informal agreement between wife and myself that she owns half of the brokerage account , but of course the important thing is what Revenue would think if I was audited.
Will be thankful for any advice or information . Nodo.