Given that you have done several tax returns in Ireland and in the UK, could you please explain a little bit more how the deemed disposal tax is computed at year 16 and 24?I think it's pretty clear based on the actual figures quoted above that buying is the sensible choice over renting.
However, if I wanted to put the blinkers on and think that Robert Kiyosaki is God almighty when it comes to making financial decisions in Ireland, I'd look at his base advice that 'assets are something that put money in your pocket, whereas liabilities take money out of your pocket'.
Now, still thinking of Robert Kiyosaki as the only show in town when it comes to financial advice, I consider my house a liability. However, the need to rent is also a liability - and a much, much, much bigger liability at that, with no end-date in sight.
If one were to want to TRULY follow the Robert Kiyosaki bandwagon in Ireland, they would probably buy the house and look to avail of the, very generous, €14,000 rent-a-room scheme. If Robert himself knew the tax system here in Ireland, I'm sure he'd advise that buying is the way to go.
A lot of his advice is also based on taking on lots of 'good debt' to invest in assets. Have you approached any of the banks here in Ireland looking to take on debt to invest in the stockmarket, or anywhere else? When you do, let us know how you get on
Back to the original topic, I'm in agreement with most on the thread - no ETF is worth investing €100 a month into given the Irish tax system. I've had lots of tax returns to deal with, both in the UK and Ireland. Given how complicated they can get when you've multiple income sources, I'd need to be expecting returns far in excess of any other investment options to invest in an ETF here.
@Corola did a brilliant job to lay out a table for that, could you confirm that it is the correct way of doing it?
Given that I will be investing in ETFs on TradeRepublic anyway, could you confirm if the tax is to be paid when filling Form 11 or 12?
Also if I earned some interest in December 2023 on Trade Republic, do I have to file my Form 11 or 12 for this year reporting that?
Where in those forms should we input those incomes?
With regards to Robert Kiyosaki many people here just dismiss him straight away without even arguing his point. Dan Malone is an Irish qualified account who is also on the same view. Just YouTube his page if you want.
Actually @Corola what do you think of this ETF: iShares Smart City Infrastructure UCITS ETF USD (Acc) ISIN IE00BKTLJC87
It has a slightly higher TER of 0.40% but the results seem decent so far, would love to have your thoughts on it.