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Ouch. The sales proceeds were transfered directly into their irish joint account...

the guy is irish, the girl is not. They're not married. Actually its a bit more complicated. They decided to move to ireland and bought a house here (jointly again). The guy got a job here and moved back, living in the new house but the girl continued to work abroad for a further two years and...

This concerns a former PPR which because of a delay in selling became liable for CGT. The house was owned by a cohabiting couple who bought it jointly as tenants in common. The house is abroad but the couple now live in Ireland. Wondering as there was never a fixed division in % ownership...

I begin to think this penalty was way too soft.

16 people is not rogue trader territory. It speaks about the company culture. Every one of those 16 should have questioned their involvement in the transactaction. I have had no time for Davy since watching their involvement with Elan.

Are dividends from BP (for example) held as US ADRs counted as US or UK dividends for the purposes of Form 11. Both the Form and the Guide just say "dividends from US/UK" which doesnt really help. Anybody know for sure? Thanks.

Indeed, when interest rates rise, as they inevitably will, the market value of bonds will decline, possibly substantially. It's often said that holding bonds to maturity, will at least guarantee the return of your capital and interest. However this is not always the case and each bond holding...

Can he not gift them to you? This wouldn't involve CGT for himself but, depending on the amount could involve gift tax for you and your siblings. |If going down this road, I don't think you would need to go to a broker, just contact the Company Secretary and see what they advise.

This is what Buffet was betting against; a portfolio of funds of hedge funds, when performance is measured on a basis net of fees, costs and expenses. Funds of funds are a disaster in terms of management expenses and churning.

If you already own the shares I would expect the broker who bought them for you to enable their sale, even if you have moved outside Australia. If you just want to trade Australian shares, several brokers, for example Internaxx, will do this for you.

If your current Broker agrees to transfer your holdings to the other broker, as distinct from selling them and transferring the cash for the shares to be bought back, I don't see why this would trigger a CGT liability.

If the Irish company has US ADRs (very few have) you can buy these without paying stamp duty. Also useful for UK companies as most of the UK Bluechips have US ADRs.

The tax form asks two relevant questions; - income received from foreign rents - chargeable assets acquired in the past year Personally, I would be comfortable to answer truthfully in the negative in both cases.

Can anybody clarify whether for tax purposes (in Form 11), dividends from ADRs of UK Companies eg LYG for Lloyds Bank, are treated as UK origin or US origin?

Its not a matter of luck. Just buy the shares, the commission will be outrageous but if they are 'buy and hold forever' shares, it may be well worth doing. Many brokers like dematerialised shares, it allows them to charge a fee for 'minding' them and often forces you to sell through them when...

If lost or destroyed, they can be replaced and in any event your name is still on the company share register.

Ireland is a socialist republic. It ticks all the boxes. The lack of any indexation means that CGT is effectively a tax on inflation. If you bought an asset 10 years ago and it simply held its value in real terms, it would be priced at about 20% more in current currency, meaning a 7% CGT...

Just for accuracy, please note that there are two mechanisms which essentially achieve the same objective - Scrips and Drips. A scrip dividend is where a company pays you a dividend in newly issued shares, a drip is where the company takes your dividend and uses it to buy shares in the market...

Nobody can tell you what to do. This depends on your time window, your attitude to risk, your potential need for access to your funds in the future, and your interest in investing/economy/business. If you want to be an active investor, read as much as you can. Avoid anything that sounds too...

What about a non-resident who moves back to Ireland, having opened normal accounts abroad while non resident and then retained them?. As far as I can see Revenue doesnt ask about these, only accounts opened in the past year. It also asks about 'chargeable assets' acquired, without giving any...