Easy question on foreign dividends

malpes180

Registered User
Messages
12
Hello,

Can somebody give a quick suggestion on two questions please ? I'm trying to do my own calculations to pay tax on a foreign account in US dollars. I had 4 dividends last year 2013. Which figure do i need to use for the dollar/euro conversion ? Is it the dollar value of the exact day when the dividend was paid ?

Also I'm not a Irish citizen but only tax resident in Ireland and not domiciled so as I understand I would need to pay capital gain only if remit the gains to Ireland which I don't plan to do so for now anyway. Do I still need to do all the capital gains calculations even if I'm not liable to capital gain tax ?

Many thanks for the help
Malpes180
 
From memory the Revenue use the wording " prevailing exchange rate" so yes, the rate on the day you get value for the dividends.
Cant help with CGT
 
Back
Top