G gapw32 Registered User Messages 3 17 Feb 2021 #1 I am considering investing in the 21Shares Bitcoin ETP. Can anyone confirm how any future gains on Exchange Traded Products (ETPs) are Taxed for Irish residents? I note the numerous threads on here regarding Tax on Exchange Traded Funds (ETFs). Thanks in advance
I am considering investing in the 21Shares Bitcoin ETP. Can anyone confirm how any future gains on Exchange Traded Products (ETPs) are Taxed for Irish residents? I note the numerous threads on here regarding Tax on Exchange Traded Funds (ETFs). Thanks in advance
J jpd Registered User Messages 4,371 17 Feb 2021 #2 It is an ETF - domiciled in Switzerland - where else So it is probably taxed as an ETF but this would need to be checked with the Revenue as it might be in a class of its own Morningstar Financial Research, Analysis, Data and News 21Shares Bitcoin ETP: Digital Assets: Track the performance of Bitcoin: CH0454664001 www.morningstar.co.uk Last edited: 17 Feb 2021
It is an ETF - domiciled in Switzerland - where else So it is probably taxed as an ETF but this would need to be checked with the Revenue as it might be in a class of its own Morningstar Financial Research, Analysis, Data and News 21Shares Bitcoin ETP: Digital Assets: Track the performance of Bitcoin: CH0454664001 www.morningstar.co.uk
G gapw32 Registered User Messages 3 17 Feb 2021 #3 Has Revenue issued any guidance to date on the Taxation of this type of Exchange Traded Product?
J jpd Registered User Messages 4,371 18 Feb 2021 #4 Have you searched the Revenue website? I imagine if they had published something, it would be there There are thousands, if not, tens of thousands, of investment funds so I can't imagine Revenue have examined them all to classify each one
Have you searched the Revenue website? I imagine if they had published something, it would be there There are thousands, if not, tens of thousands, of investment funds so I can't imagine Revenue have examined them all to classify each one
J jpd Registered User Messages 4,371 18 Feb 2021 #5 A quick search threw this up and according to the PPRIP KID document how the 21Shares Bitcoin ETP is structured as a debt instrument
A quick search threw this up and according to the PPRIP KID document how the 21Shares Bitcoin ETP is structured as a debt instrument
G gapw32 Registered User Messages 3 18 Feb 2021 #6 Yes I searched their website and seen the general guidance. I appreciate there are thousands of types funds and products. I will go on the basis of that guidance. Thanks for your replies on this
Yes I searched their website and seen the general guidance. I appreciate there are thousands of types funds and products. I will go on the basis of that guidance. Thanks for your replies on this