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  1. M

    De Giro broker

    Hi Cian, Investing in 5 ETFS (I'm presuming UCITS) every month sounds like a Tax nightmare, 8yr deemed disposal, no loss right off etc.. Have you read the below post: http://www.askaboutmoney.com/threads/the-tax-treatment-of-etfs-for-irish-residents.199443/page-2#post-1456312 Might be worth a...
  2. M

    Stocks: Best source of information

    Hi, Curious to find out peoples favorite sources of information when researching individual stocks to buy i.e. the below sort of information: Total Debt to Current Asset ratios Current Ratio Earnings per share (P/E) ratios (P/BV) ratios Would be nice if there was some 'dream' site where one...
  3. M

    Key Post The Tax Treatment of ETFs for Irish residents

    Ya it's def complicated either way! :) I can see how it is half manageable if you only making a purchase a couple of times a year, but as a monthly investment vehicle I can only see it being a book keeping nightmare come 8yrs and on-wards. 2016 12 buys hit 8yrs in 2024 2017 12 buys hit 8yrs...
  4. M

    Key Post The Tax Treatment of ETFs for Irish residents

    Hi username123, yup I understood that but Marc seems to imply even if you are buying the same fund monthly you can't offset: Unfortunately each time you make a purchase of a UCITs ETF its treated as a distinct investment even if it is in the same "fund" So you will have to pay tax on your...
  5. M

    Key Post The Tax Treatment of ETFs for Irish residents

    Hi Marc Does the feedback username123 got from from the revenue contradict this? They said: You do not need to complete a Form 11 on each occasion that you receive a payment or have a deemed disposal, rather you will total all payments and/or all gains for the year of assessment and enter the...
  6. M

    ETF vs Financial Services Company

    Hi, Interested to see if anyone has done a comparison between DIY investing via online brokers such as TDDirect or Davy vs a Saving Investment product offered by the likes of Zurich or Irish Life. I'm aware the problem faced as the financial services companies aren't fully transparent on the...
  7. M

    12.5% Corporation Tax - How useful for small companies?

    Not doubting your points T McGibney or radharc I just don't understand them. Surely if I leave money in my company account at the end of the year it will incur CT leaving a balance which when drawn as salary the next year has income tax. How is paying CT and then a subsequent Tax not double...
  8. M

    IT contractor, Take Home pay

    I've been IT contracting for number of years. I pay myself a salary of €53,400 which incurs an effective tax rate of 33.65% (PAYE,PRSI,USC) The rest of my earnings, not drawn down as salary goes to pension, income protection, charity and very few company expenses. There aren't many tax...
  9. M

    Contracting versus Employeee

    Hi, don't know of any simple comparison to point you toward. However here's some quick feedback which I hope will be of some help. I've been contracting for 3 and half years. -number of days worked: (I've averaged 230) - taxes to be paid: (PAYE, USC and PRSI 4%) - vat: you charge VAT(1.23%) and...
  10. M

    Why so much TAX?

    I've lived in several countries, European and further afield. Believe me I don't want to come across as rubbising my country. I love this country hence I've decided to settle and raise my family here. Every country has many faults and they're ain't not such thing as a perfect one! I also think...
  11. M

    Why so much TAX?

    I’ve read so much in relation to investing in the past year. With an eye to the future I’ve a private pension into which 15% of my salary goes monthly. Pensions are tax efficient but as we all know it’s never a good idea to plough all your resources into one basket. Who knows what could...
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