What is a UK Managed Share Portfolio and how is it taxed?
As a married man with a low income, you should make sure to maximise your taxable income from your investments as you won't be paying much tax on it.
If your portfolio is some sort of fund which pays tax within the fund, then it's not suitable for you.
As you are living and working in Ireland, you are better off having your assets in euro rather than sterling.
You should get this money over to Ireland as efficiently as possible and probably buy some high yield shares with it.
Then in 20121 sell the current property and trade down to a more affordable house.
Brendan
More than likely,they are in a city or large townIs there nothing to do with the 150k land to make it income earning? Like set it? Put forestry on it?
The shares are just a portfolio which is actively managed by a UK investment company. Currently tax paid in IRL on the income that is reinvested, and CGT in IRL on any disposal. No UK tax liability.
My concern about moving that into € now is obviously the current value of STG.
Is there nothing to do with the 150k land to make it income earning? Like set it? Put forestry on it?
Is the fund invested solely in GBP denominated shares, or in global equities?
If GBP only, you've likely got a massive exposure to the fate of UK economy.
If global, depending on the FX hedging in place (if any) it might not make any difference ling term if you switch them to EUR now.
To explain, if the underlying shares are USD equities, instead of converting USD to GBP, you'll be converting it to EUR. In that situation, your real exposure in in USD.
If it's a fund there might be some FX hedging in place, but you'd need to investigate the exact nature of investment.
Do you qualify for Family Income Supplement?
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