Can I combine the 8 Year roll-up tax on EFT's

It is my opinion that you can choose either method 1) FIFO or 2) Average cost to calculate the gain made on disposal ETF by ETF.

Once you have chosen a method for the ETF, you have to stick with it for future disposals.
 
Why not get the correct info from the horses mouth....as they say.

http://www.revenue.ie/en/about/publications/exchange-traded-funds-guidance-note.pdf

Above is the new revenue guidelines about ETFs.....
At the bottom of this PDF are 2 revenue contacts.
I have personally both emailed and spoke to Susan (one of the contacts) on the phone who seems to be very knowledgeable and gave me great advice....
I would highly recommend anyone who has any queries about ETFs to contact her.
It was Susan who told me that although you tally up your gains in the eighth year, you do not pay and file until the ninth year!!!
 

Good call, contacted Susan and she confirmed you can use FIFO or averaging. She suggested FIFO as easier to track
 
username123 said:
Good call, contacted Susan and she confirmed you can use FIFO or averaging. She suggested FIFO as easier to track
Click to expand...

This doesn't makes sense to me , I was told each purchase of an ETF is a unique purchase so if I buy an ETF say msci world now and buy it again in a year at a differnt price if I use averaging it means It's a possiblity that I am getting loss relief if one of them has decreased below cost price but one has increased.
 
Personally I don't think it's appropriate to reproduce the email from her to you on a public forum like this.
 
What is the best way to contact Susan ?
Will Susan give me tax advice if i don't give her my name?
Can I send Susan an email with a query and except a reply if i don't give Susan my name?
 
Yes you are right landlord.
I was trying to set up another email account but I got bogged down in my efforts.
I may wait and get my son or daughter to do it for me.
 
Not at all.
My accountant advised me not to contact revenue as it might bring attention to me. Maybe he doesn't want attention brought to him.
I am sure he has made mistakes like a lot of accountants do.
 
You must log in or register to reply here.
Menu
Log in
Register