Hi,
I am slowly coming up to speed with the tax treatment of investment in Ireland, for the part of my life I have had money to invest I have been living in the UK / US. I generally invest excess cash into low-fee ETFs, mostly because we have been in a bull market for the last 8 years and they are cheap and don't require a huge amount of research. In addition due to my job in FS I require pre-approval for individual stocks.
I have come to be aware of the 8 year rule with UCITs etfs and this does not suit my longer term investment strategy. I own a rental property in the UK and hold UK citizenship as well as Irish Citizenship, therefore each year I file a Self Assessment Tax return. The CGT / tax treatment in the UK appears more beneficial (still researching), so on the face of it I can invest excess cash via the UK and pay tax there upon any future sale? I would only have to pay tax if I brought that income from the Uk to Ireland? If I did bring to Ireland would it be subject to the full tax or only the incremental difference between UK / Ireland?
On the face of it this is not illegal given I have citizenship in the UK and file a tax return?
I am slowly coming up to speed with the tax treatment of investment in Ireland, for the part of my life I have had money to invest I have been living in the UK / US. I generally invest excess cash into low-fee ETFs, mostly because we have been in a bull market for the last 8 years and they are cheap and don't require a huge amount of research. In addition due to my job in FS I require pre-approval for individual stocks.
I have come to be aware of the 8 year rule with UCITs etfs and this does not suit my longer term investment strategy. I own a rental property in the UK and hold UK citizenship as well as Irish Citizenship, therefore each year I file a Self Assessment Tax return. The CGT / tax treatment in the UK appears more beneficial (still researching), so on the face of it I can invest excess cash via the UK and pay tax there upon any future sale? I would only have to pay tax if I brought that income from the Uk to Ireland? If I did bring to Ireland would it be subject to the full tax or only the incremental difference between UK / Ireland?
On the face of it this is not illegal given I have citizenship in the UK and file a tax return?