You can. In fact, you can claim a rebate if it turns out that you made a loss.It isn't exactly clear how you calculate the tax if subsequent to the deemed disposal, you encash some shares to actually pay the tax. Presumably you can offset the tax due on the actual disposal by a proportion of the tax paid on the deemed disposal - but who knows?
That only applies to shares in Irish companies (0.5% in the UK) - ETFs also have to pay stamp duty on Irish company shares.1% stamp duty at purchase and sale of individual shares, none on ETFs
55% is the highest marginal tax rate here.Dividend income would attract your top rate of tax (51%?)
Not necessarily. It very much depends on your marginal tax rate and the assumptions you make around the contribution of capital gains and dividend income to your total return.There's no doubt that ETFs are less tax efficient than individual shares
I did actually claim a rebate in 2015 when I sold an ETF which I purchases in 2005 and paid tax on a deemed disposal in 2013. The tax was paid from other sources so I didn't need to sell any ETF shares. I had to contact Revenue to ask where to put the reclaimed tax on my Form
What I was unsure about was how to account for selling shares to pay the tax on a deemed disposal - especially if the disposal was not on the same date as the deemed disposal
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