Degiro Accumulation Funds Which Are Taxed Like Shares

Another interesting article

taxsummaries.pwc.com/ireland/individual/income-determination

• Profits from occupation of certain woodlands: The total profits and gains are treated as exempt from income tax if the woodlands are managed on a commercial basis with a view to realising a profit. Profits and gains from the occupation of woodlands are being removed from the High Earners Restriction.

Tax and Duty Manual Part 07-03-09, Profits from the occupation of woodlands: Quantifying profits or gains, §1.1 - revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-07/07-03-09.pdf

• Profits or gains from the occupation of woodland in the State which is managed on a commercial basis and with a view to a profit are exempt from Income Tax and Corporation Tax (but not Universal Social Charge and Pay Related Social Insurance)

So in theory for a modest investment of €1000 earning 7% in the first year (€70), the standard rates dictate:

assets.kpmg/content/dam/kpmg/ie/pdf/2020/10/ie-budget-2021-tax-rates-and-credits.pdf

• PRSI = 4%
• USC = 0.5%
• DWT = 0%
• Marginal income tax relief = 100%
• CGT relief = 100%
• Total rate of tax = 4.5% on dividends, 0% on capital gains