fabricated by Revenue
I have recently published two guides one dealing with three investment solutions which achieve income tax and capital gains tax rather than gross roll up. These are most suited to investment portfolios of more than €100k and require completion of a self-assessment tax return.
The other guide deals explicitly with the lack of an Irish ISA and suggests how some investors might make use of existing structures to achieve some of the results that are available through an ISA.
These are still work in progress so if anyone would like to review for feedback purposes, please let me know.
DMartin,
The industry lobbying has been around the level of taxation (and the levy of 1%). They're saying that Exit Tax should be the same as DIRT.
IMHO, Exit Tax should go and the existing fund/accounts should be subject to the same tax treatment as CGT.
Government say there's no evidence that the level of taxation is affecting sales of the products, so it must be grand. And anyway, they're not being confronted on the door-steps about exit tax , so who cares.
That's the mindset. No joke.
On the ISA question - Absolutely, there should be a similar scheme here but if they can't get beyond the thinking on the above then it's a long (long) way off.
It would probably pull a lot of deposits out of the banks though.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?