CRH delisting - effect on shares held?

O

outofmymind

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Hi.
I have read that CRH are planning to delist from the ISEQ and list in the US instead. What would happen to my 'Irish' CRH shares? Would I have to sell and rebuy? Or would they become US shares 'automatically' - and if so, what effect would this have on the tax treatment? If they stay as Irish shares then how could I sell them in the future? A few questions there but I hope they are clear. Thanks
 
There is no such thing as "Irish" shares or "US" shares. All ordinary shares are equal.

There may well be tax implications as the shares may now be considered when calculating estate taxes in the USA

Presuming that your shares are held electronically by a brokerage company, then they are the best place to get information about how to sell them and the charges incurred
 
Brendan Burgess said:
I assumed that CRH would continue to be tax resident in Ireland.
Click to expand...

Correct. The change in listing structure will have no impact on CRH plc, which will remain headquartered, incorporated and tax-resident in Ireland. See page 7 here:

https://www.crh.com/media/4613/crh-plc-2022-full-year-results-announcement.pdf

The situs of CRH shares will still be Ireland:

Double Taxation Relief (US)

This page explains the Double Taxation Relief (US) for Capital Acquisitions Tax (CAT)
www.revenue.ie www.revenue.ie

CRH is releasing a trading update on April 26th. Best to pause the speculation and contacting brokers until that time.

Questions (regarding the shares) at that point should be directed to CRH investor relations: [email protected]

Once we know more on April 26th, the tax treatment can be determined then.
 
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