Hi,
Just a quick question about Tax on gains from buying and selling ETFs. I heard recently that these are subject to Exit Tax at 41% as opposed to CGT at 33%. Is this true?
Also, if it is then, does that mean that the first €1270 of any gains ARE NOT exempt from tax and that any gains are not offsetable against other losses? I tried to find a clear answer on revenue documentation but couldn't find any.
If so it makes ETFs a lot less attractive than direct ownership of shares!
Thanks for any advice.
Just a quick question about Tax on gains from buying and selling ETFs. I heard recently that these are subject to Exit Tax at 41% as opposed to CGT at 33%. Is this true?
Also, if it is then, does that mean that the first €1270 of any gains ARE NOT exempt from tax and that any gains are not offsetable against other losses? I tried to find a clear answer on revenue documentation but couldn't find any.
If so it makes ETFs a lot less attractive than direct ownership of shares!
Thanks for any advice.