Question re: VANGUARD FUNDS PLC FTSE ALL-WORLD UCITS ETF .
I've since found out the following: that it's an Irish Domiciled Fund and it is held on a recognized clearing system and accordingly the fund does not deduct any tax. The obligation to pay and report all taxes falls to the investor through their annual tax return. This investment comes within the meaning of section 739B of the TCA 1997 and any income or gains are treated as income and gains from an offshore fund in accordance with Section 739G(2)(B). Regarding income – payments would be liable to Exit Tax @ 41%.
Don't forget the deemed disposal every 8 years, either
A nightmare to account for unless you invest using an Irish fund but then you may avoid the high annual charges
Yes, as per the revenue guidelines issued in 2015. https://www.revenue.ie/en/tax-profe...tion-tax/part-27/27-01a-03-20150713121030.pdfYou have to declare purchases as well?
Yes, the Irish funds calculate the tax and pay it to the Revenue on your behalf and deduct the amount from the value of your fund by cashing in some of the unitsWhy is it not a nightmare with Irish funds?
Do Irish funds calculate the tax for you?
Yes, the Irish funds calculate the tax and pay it to the Revenue on your behalf and deduct the amount from the value of your fund by cashing in some of the units
ETFs won’t calculate and deduct Irish tax for you.
I suspect jpd is referring to unit-linked funds offered by Irish life companies.
It depends on a variety of factors and assumptions.I am new to investments. Following this thread, I assume that ETFs are not tax efficient than investment trusts in Ireland. Am I correct with my assumption?
No investment trust is “equal” to Vangusrd Life Strategy 60.Is there any data to show which investment trust is equal to Vanguard Life Strategy 60 ETF?
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