Look at setting up an ICAV that is free from income taxes and CGT - Ireland is the biggest tax haven, stay where you are if you ask me... it's complex but potentially worth it if you have the cash to invest...
[broken link removed]
Open an Irish ICAV
Our team of attorneys in Ireland can offer legal advice on the registration of an Irish ICAV. Please contact our lawyers at http://lawyersireland.eu/.www.youtube.com
I'll admit I wasn't aware the figure was so high, but there are other countries which have similar setups but I'm not going to reveal where... I'll let the OP do their research seen as they haven't done any other than throw their hands up in the air and say "I'll leave the country!" Being from Ireland is not a hinderance to building wealth...Yes, if you’ve a nine figure sum to invest the ICAV route might be the way to go...
I did spend a few days doing research and reading multiple threads on this forum. I guess as I'm totally new to this, I need to keep looking.I'll admit I wasn't aware the figure was so high, but there are other countries which have similar setups but I'm not going to reveal where... I'll let the OP do their research seen as they haven't done any other than throw their hands up in the air and say "I'll leave the country!" Being from Ireland is not a hinderance to building wealth...
Unfortunately, it's complicated. I think for a lot of investors if the ETF's were sensibly taxed they would be the way to go but as they're not you're left with a variety of options, none ideal. Direct shares - attractively taxed but you take on the stock-picking risk or if you want to pay someone to do that for you, the fees. Life-company-wrapped products - in many ways hassle-free and usually well diversified but again, the fees are high and you haven't solved the tax problem. Investment trusts - seem to me to be the least worst option but you are taking on some fund manager risk there and will have to do a deal of research about what to buy. If you have a boatload of money you can deal with a discretionary fund manager and access the ETF's domiciled offshore but then you're tied into high fees and have to weigh up whether that's worth it. It's a frustrating conundrum and there isn't an easy answer. I'd say you'll find an easier answer than leaving the country though! That's my take on it so far anyway and like you, I'm on the learning curve and am sure that most other posters here know a bit more about it than I do.UCIT ETFs isn't really the way to go at all?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?