Stocks taxation - not ETFs

[settlement]

Hi all,

I'm no longer interested in ETFs due to the onerous and punishing taxation.

If I buy individual stocks eg apple, am I right in saying I avoid this, and am subject to CGT? (Which then allows offsetting of gains vs losses etc)

 

[Marc]

You can get favourable tax treatment from non-Eu ETFs

 

[settlement]

You can get favourable tax treatment from non-Eu ETFs

I thought we were no longer able to purchase them?

 

[Marc]

UK Investment Trusts vs ETFs as a Post Tax Investment Vehicle in Ireland

Exchange Traded Funds: In the Irish context we are going to be looking at accumulating Irish domiciled ETF's where dividends are reinvested automatically in the fund. Pros Dividends are reinvested automatically in the fund so tax is only paid on exit every 8 years or when you sell. ETF's...

www.askaboutmoney.com

 

[AJAM]

I'm no longer interested in ETFs due to the onerous and punishing taxation.

If I buy individual stocks eg apple, am I right in saying I avoid this, and am subject to CGT? (Which then allows offsetting of gains vs losses etc)

You are correct. And you can not buy non-Eu ETFs as an individual, unless you go through an intermediary.
The big disadvantage of buying individual stocks is the lack of diversification. I like Berkshire Hathaway (BRK.B) because it is basically a diversified fund in a stock wrapper.

 

[Marc]

of course there is no discussion allowed of individual stocks

 

[ClubMan]

Hi all,

I'm no longer interested in ETFs due to the onerous and punishing taxation.

If I buy individual stocks eg apple, am I right in saying I avoid this, and am subject to CGT? (Which then allows offsetting of gains vs losses etc)

Also be aware that dividends are assessable for income tax etc.

 

[settlement]

You are correct. And you can not buy non-Eu ETFs as an individual, unless you go through an intermediary.
The big disadvantage of buying individual stocks is the lack of diversification. I like Berkshire Hathaway (BRK.B) because it is basically a diversified fund in a stock wrapper.

I'll look into this.

Also be aware that dividends are assessable for income tax etc.

In short: selling = CGT, dividends = income tax?

 

[ClubMan]

In short: selling = CGT, dividends = income tax?

Yes. But, no offence, if you're asking such basic questions perhaps you should hold off on equity investments until you spend some time apprising yourself of all relevant aspects first?

 

[settlement]

Yes. But, no offence, if you're asking such basic questions perhaps you should hold off on equity investments until you spend some time apprising yourself of all relevant aspects first?

No offence but I've been investing for 8 years very successfully, just not in Ireland, under different taxation laws

 

[ClubMan]

No offence but I've been investing for 8 years very successfully, just not in Ireland, under different taxation laws

Strange because income tax on dividends and CGT on capital gains is practically universal.