Doesn't that mean that this platform is not compliant with EU/Irish legislation/regulation on ETFs? I'm not sure that I'd be comfortable using such a platform if that's the case.All, just for feedback.....in the end I opened an account with Tastytrade.com (it took roughly a week to get it approved and transfer 150k from the other broker TD Ameritrade) . Differently than with TD Ameritrade I'm able to buy any US domiciled ETFs without any problems, despite the fact that I'm a EU citizen residing in a EU country. The TD Ameritrade platform in my view is probably a bit better than Tastytrade (maybe because I'm more used to it...) however Tastytrade has no restrictions with buying or selling ETFs ...for now. I hope it helps.
That doesn't necessarily mean that you're not domiciled here.and I'm not Irish domiciled (no Irish passport and have two properties in Italy and we plan to retire to Italy when the time comes and sell the Dublin home).
Indeed it does, I'm not domiciled here. If I have properties in Italy (an apartment rented) plus some farmland (rented as well), and an apartment that I use when I travel there, I have no Irish passport, , born in Italy, italian parents, I travel to Italy at least a few times a year, I have intention to go back to Italy once I retire, and to be deemd domiciled in Ireland I would need to have no more connections to Italy (as per the explanation in the Revenue website), this is pretty clear cut, I'm not Irish domiciled.That doesn't necessarily mean that you're not domiciled here.
Your broker wouldn't be allowing you to buy US domiciled ETFs without the required KID information. I wouldn't really trust a broker that took such a cavalier approach to local regulation.
BTW, I presume that you realise that ETFs are subject to self assessed deemed disposal taxation every 8 years and exit tax on disposal, and not the more preferential CGT treatment?
Your broker wouldn't be allowing you to buy US domiciled ETFs without the required KID information. I wouldn't really trust a broker that took such a cavalier approach to local regulation.
BTW, I presume that you realise that ETFs are subject to self assessed deemed disposal taxation every 8 years and exit tax on disposal, and not the more preferential CGT treatment?
This is all far more complicated than you think and you’re walking yourself into trouble. For example, most ETFs don’t qualify for the remittance basis.The 8 years deemed disposal rule , looks like it's only valid for the Irish/EU ETFs . See the link below table 1 page 3, where it is stated. Then it wouldn't be a concern for me anyway, since I would only be taxed if I remit the capital here, which I have no intention to do.
US domiciled ETFs are not subject to exit tax at 41%, but CGT at 33%.So what I will probably do is sell the three US ETFs at some stage this year, pay the 41% exit tax
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