Anyone else based in Ireland? ETF holders are taxed at 41% on gains or income from UCITS ETFs, which is most listed funds.
It makes it nearly impossible to use these products as part of ERE strategy.
I do not want to hold USD denominated ETFs.
Any ideas folks?
ETFs in Ireland
Re: ETFs in Ireland
I'm in Ireland. I don't know the answer to your question though.
Re: ETFs in Ireland
well maybe use a non ETF fund ? or is the law for all funds ?
if you buy & hold normal stocks, does the same rule apply (i guess yes) ? (if no, you could just emulate an index by buying the stocks directly)
if you buy & hold normal stocks, does the same rule apply (i guess yes) ? (if no, you could just emulate an index by buying the stocks directly)
Re: ETFs in Ireland
In the UK, it's currently possible to shelter your investment dividends and gains from higher rate taxes in ISA's for your first £20,000. There are also SIPPs, but I don't know as much about tax clauses because they are of less interest to me because of the mandatory minimum retirement age. Surely there is an Irish equivalent for tax sheltered savings?
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Re: ETFs in Ireland
Pension wraps exist, highly restrictive, not suitable for someone retiring early, 40ish.
Re: ETFs in Ireland
So no stocks and shares ISA equivalent? Alternative investment strategies might be in order then, e.g. letting property, purchasing a business. Another, slightly more extreme approach would be to seek British Citizenship and open an ISA here.
Re: ETFs in Ireland
Wow this is surprising! All the European ETFs are actually domiciled in Ireland SPECIFICALLY for tax reasons (see: vanguard, ishares), I thought Ireland was great tax wise across the boardbridgebetween wrote: ↑Wed May 24, 2017 12:43 amAnyone else based in Ireland? ETF holders are taxed at 41% on gains or income from UCITS ETFs, which is most listed funds.
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Re: ETFs in Ireland
Im in Ireland too. New to this game. I have managed to get myself to a decent savings rate. I would love to know more about investing as an Irish citizen. So much of the literature is US based and Im unsure of the tax implications here. If anyone had any advice on where to start I'd really appreciate it