I am considering investing quite a large amount of money in US shares.
If I bought the shares directly, I would be subject to 15% US Withholding tax and Irish income tax on dividends. Upon sale of the shares I would be subject to Irish CGT at 20% (minus the yearly allowance).
If I invested the money through an investment fund, I would pay 23% on gains in exit tax on any withdrawals. The dividends from the companies held by the investment fund would be reinvested in the fund by the management company. What tax does the management company pay on the dividends?
So what I'm wondering is what would be the most tax-efficient way to invest in the US shares?
Thank you.
If I bought the shares directly, I would be subject to 15% US Withholding tax and Irish income tax on dividends. Upon sale of the shares I would be subject to Irish CGT at 20% (minus the yearly allowance).
If I invested the money through an investment fund, I would pay 23% on gains in exit tax on any withdrawals. The dividends from the companies held by the investment fund would be reinvested in the fund by the management company. What tax does the management company pay on the dividends?
So what I'm wondering is what would be the most tax-efficient way to invest in the US shares?
Thank you.