I am just looking for a bit of information if anyone can help. If i open an account with a broker in the USA to daytrade shares and lets say i trade for a year or two and maybe make or lose a few quid ,without ever transferring any money back to Ireland , am i liable to pay tax considering i wont earn any Dividend on the shares if i buy/sell the shares on the same day for a scalp and dont hold onto the shares.(in other words my account is flat at the end of every day)
is it only if i transfer money back to Ireland that i am liable to pay tax and then i presume it would be only on the profit /earnings over and above the initial deposit??
Any advice appreciated.
regards
Steve