The remittance basis only applies to income that is taxed under Schedule D Case III of the Taxes Act.
Regulated European Funds are taxed under Schedule D Case IV, so the remittance basis does not apply to either income or gains in respect of same.
I have tried to verify this online but have not found anything specific to these particular funds and under which Schedule it is taxed. Would you have any link to the Revenue document/rule clarifying this?
A related question on these EU regulated funds:
As a non-domiciled tax resident in Ireland, let's say I have 50k at a stockbroker in the UK. These funds come from my online income outside Ireland and have not been taxed yet, as they haven't been remitted to Ireland.
- If I invest the 50k in one of the regulated EU funds, is this considered remittance to Ireland? Or do I only pay CGT on this investment and no income tax on the basis as it has not been remitted yet?
- In this scenario, does the answer change depending on whether the ETF is domiciled in Ireland? (e.g. VUSA vs. ESEH)