Stocks taxation - not ETFs

S

settlement

Registered User
Messages
275
Hi all,

I'm no longer interested in ETFs due to the onerous and punishing taxation.

If I buy individual stocks eg apple, am I right in saying I avoid this, and am subject to CGT? (Which then allows offsetting of gains vs losses etc)
 
settlement said:
I'm no longer interested in ETFs due to the onerous and punishing taxation.

If I buy individual stocks eg apple, am I right in saying I avoid this, and am subject to CGT? (Which then allows offsetting of gains vs losses etc)
Click to expand...
You are correct. And you can not buy non-Eu ETFs as an individual, unless you go through an intermediary.
The big disadvantage of buying individual stocks is the lack of diversification. I like Berkshire Hathaway (BRK.B) because it is basically a diversified fund in a stock wrapper.
 
settlement said:
Hi all,

I'm no longer interested in ETFs due to the onerous and punishing taxation.

If I buy individual stocks eg apple, am I right in saying I avoid this, and am subject to CGT? (Which then allows offsetting of gains vs losses etc)
Click to expand...

Also be aware that dividends are assessable for income tax etc.
 
I'll look into this.
ClubMan said:
Also be aware that dividends are assessable for income tax etc.
Click to expand...
In short: selling = CGT, dividends = income tax?
 
ClubMan said:
Yes. But, no offence, if you're asking such basic questions perhaps you should hold off on equity investments until you spend some time apprising yourself of all relevant aspects first?
Click to expand...
No offence but I've been investing for 8 years very successfully, just not in Ireland, under different taxation laws
 
You must log in or register to reply here.
Menu
Log in
Register