Thanks for the replies.
Please find attached from Revenue web site.
I refer to paragraphs :
4.2.3 Units held in a recognised clearing system (such as Exchange Traded Funds) Paragraph (III) of the definition of chargeable event in section 739B(1) provides that any transaction in relation to, or in respect of, units which are held in a recognised clearing system4 does not require the deduction of exit tax. This would be the case for an ETF where the units/shares in the underlying fund are bought and sold between investors on the stock market and are cleared through a recognised clearing system. While the fund does not have to deduct exit tax, an Irish resident unit holder will be subject to tax on income and gains arising and must self-assess and include details of income and gains in a timely filing on their income tax return to Revenue. The unit holder will be subject to tax as set out in subparagraph 4.3.3. Where the investor is subject to tax, they must account for the tax directly to Revenue as follows: Section 739G(2)(b) provides that where exit tax is not applied and the unit holder is an individual, the payment is treated as if it is a payment from an offshore fund (refer to TDM Part 27-04-01 for details regarding how to include such payments in a tax return). Section 739G(2)(f) provides that where exit tax is not applied and the unit holder is a company, the payment is treated as income taxable under Case IV, Schedule D.
4.2.4 The transfer of units between spouses or civil partners Paragraph (IV) of the definition of chargeable event in section 739B(1) provides that the transfer by a unit holder of his/her entitlement to units in a fund will not give rise to a chargeable event where the transfer is between spouses or between civil partners. Neither will a transfer between spouses or former spouses or civil partners or former civil partners, where the transfer is by virtue of an order made following the granting of a divorce, dissolution or a judicial separation in the State or recognised as valid in the State. However, on a subsequent chargeable event, the then unit holder will be regarded as having acquired the units at the same cost as the original unit holder.
Thoughts:
So paragraph 4.2.3 talks about ETF's and who is responsible for reporting and paying tax.
Paragraph 4.2.4 then says that transfers of units between spouses, "will not give rise to a chargeable event....". So, to me then, it would make sense that if a couple jointly owned a trading account and one was to die, that this death, would not trigger a "chargeable event". Why would the death cause a "chargeable event", when, when both spouses are alive they can transfer units between each other and it does not give rise to "chargeable event". It just doesn't make sense that because one of them has now died that this would be any different.