Hello
I have a sum of money that I'm looking to put into a low-risk ETF for at least 10 years. I was born in the US, but moved to Ireland when I was 10 months old and have been here since. My mother was Irish so I am a dual citizen. This puts me in a really confusing position investment and tax-wise.
I know that if I invest in US ETFs I am probably subject to DD and will be taxed 41% of gains every 8 years - not very attractive. But it seems more unattractive for me to invest in EU ETFs as a US citizen due to all the UCITS/PRIIPS/KIDs implications. I'm a brand new investor and am trying to navigate this and it seems like the only option I really have is to invest in individual stocks - which I don't want to do.
Would really appreciate any guidance on this!
I have a sum of money that I'm looking to put into a low-risk ETF for at least 10 years. I was born in the US, but moved to Ireland when I was 10 months old and have been here since. My mother was Irish so I am a dual citizen. This puts me in a really confusing position investment and tax-wise.
I know that if I invest in US ETFs I am probably subject to DD and will be taxed 41% of gains every 8 years - not very attractive. But it seems more unattractive for me to invest in EU ETFs as a US citizen due to all the UCITS/PRIIPS/KIDs implications. I'm a brand new investor and am trying to navigate this and it seems like the only option I really have is to invest in individual stocks - which I don't want to do.
Would really appreciate any guidance on this!