Hello,
In 2023 I opened a DeGiro account in Germany an invested some money directly in various Eurozone shares (German companies, French, Italian, Spanish).
I have about 120k invested and received some dividends which are already taxed at source (around 26% vs. 51% in Ireland). I also sold some of the shares and have about 5000k gain CGT. Since I'm not domiciled in Ireland even if I'm tax resident in Ireland and will not remit this money to Ireland, do I have an obligation to declare these gains by October 2024? I haven't done a tax return in many years since my only income until 2022 was PAYE. For 2023 I have PAYE income + the above indicated gains. I wonder what are the implications of not declaring these gains (in case I would need to) and not doing a tax return if no tax is due ?
Many Thanks
Nuria
In 2023 I opened a DeGiro account in Germany an invested some money directly in various Eurozone shares (German companies, French, Italian, Spanish).
I have about 120k invested and received some dividends which are already taxed at source (around 26% vs. 51% in Ireland). I also sold some of the shares and have about 5000k gain CGT. Since I'm not domiciled in Ireland even if I'm tax resident in Ireland and will not remit this money to Ireland, do I have an obligation to declare these gains by October 2024? I haven't done a tax return in many years since my only income until 2022 was PAYE. For 2023 I have PAYE income + the above indicated gains. I wonder what are the implications of not declaring these gains (in case I would need to) and not doing a tax return if no tax is due ?
Many Thanks
Nuria