conorosully
Registered User
- Messages
- 3
In eight years time, you will have to start accounting for deemed disposals every month and then report and pay the Exit Tax - good luck with that
- The ETFs should be accumulative. This is to simplify the tax.
- Domicile should be Ireland (again for tax).
- I plan on making regular monthly payments between €300-€500
The ETFs should be accumulative. This is to simplify the tax.
Ah yes, I assumed that this would be a simple calculation but looking into it it is quite complicated. I also assumed that it would be every 8 years on the fund itself (i.e. 8 years since my first investment) and not 8 years after every payment into the fund.In eight years time, you will have to start accounting for deemed disposals every month and then report and pay the Exit Tax - good luck with that
That makes things even more complicated because you have to pay exit tax on every dividend payment and you still have to contend with exit tax on the disposal or deemed disposal of your shares after 8 years.Pay dividend tax and then invest the remainder back into the fund? I'm assuming you avoid the deemed disposable tax this way.
Would a simpler approach be to investing in dividend-paying ETFs. Pay dividend tax and then invest the remainder back into the fund? I'm assuming you avoid the deemed disposable tax this way.
ETFs that accumulate have a more complicated tax structure. I think you might be getting mixed up.
UCITS ETF shares don't all accumulate income.My comment that ETFs that accumulate (UCITS)
I agree. It's a too notch article. I'd actually suggest it is worth linking from key post, or having it's own dedicated thread.That's a very good article - thanks for posting.
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