- Everything is in $$ so does that mean its going to be complicated as I need to work out the conversation rate for each buy and sell which I've done multiple on each stock.
- I assume I pay tax on when I sell and not when I withdraw the money, is that right?
- If I sell the odd stock within the 30 days, do I have to pay income tax on this rather than CGT?
Sorry can I ask about this. So if I buy and sell a US Stock with 4 weeks, then It's still CGT not income tax is this correct?
The differentce is for Americans paying their version of CGT. There is different treatment for long/short term investments.
It's not relevant to an Irish person buying US shares.
Thanks for that. Okay so in the US they treat short term stock sales as income and here all long/short term stock sales are still CGI, is that correct?
This is my understanding of it.So if you put in €100 and today you have €125 your profit is €25. (When last sold your shares).
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