IB account for non-domiciled

Y

YubiVan

New Member
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Dear all,

Is income (CG, interest) made in account with Interactive Brokers (Irish registered company) in Germany (that's where I transfer money) considered foreign income (capital gains) for non-domiciled but Irish tax resident for the year?

Thanks.
 
From the information that I have been able to gather, Tax remittance rules for non-domiciled apply only to assets like shares, income property, rent, etc. but not to bank deposits, ETFs or gains from Foreign currency. If you buy 100€ of BMW shares with IB in Germany and sell them at 200€ there is no CG tax payable in Ireland on the 100€ gain unless remitted to Ireland, nor on the dividends. If you leave 100€ in the IB deposit account and get 100€ interest , your 100€ gained are subject to DIRT (and possibly PRSI) in Ireland (not CG) and the remittance basis does't apply for that.
 
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