Individual tax

I am considering moving home after many years abroad. I have a pension from the UK and investment income for living expenses/property purchase.
I have a basic understanding of the Irish tax implications as a single individual. However, I have shares in the US which do not pay a dividend and have no need to sell them for the forseeable future. Is there anything I should be aware of before selling these should the need arise? I am aware that CGT on ETFs are taxed after 8 years even if the assets are held. Does this apply to shares not paying a dividend? Would the CGT be added to other income and tax/USC be calculated on the whole amount?

CGT is not applied to ETFs after eight years.

You are thinking of exit tax.



CGT only applies on your shares if you dispose of them, and make a capital gain.

CGT is nothing to do with dividends.



Income tax applies to dividend income.

Ok I appreciate that. However, I have been told by an investor that a dividend paying ETF , when held for 8 years, will be assumed sold and subject to CGT. Are you saying this is not the case?

The tax on deemed disposals after 8 years is known as the Exit Tax, at 41%.

This may help:







CGT is 33%.

Here is a newspaper article on Exit Tax:

Some more light reading:

Thanks Protocol...I will take time to read the above...jeez, seems there is no escape! What will they tax next!