Preliminary Tax of Deemed Disposal of ETF

3CC

Registered User
Messages
365
HI All,

I purchased a number of ETFs in 2013 and therefore I will have a deemed disposal in 2021 of ~€40k. Thanks to the other threads here on AAM, I have figured out how to declare this in my 2021 form 11 which I will submit by October 2022.

I am a normal PAYE worker but I have been submitted a form 11 each year since 2013 only because I have made ETF purchases in most years and wished to declare their purchase each year. I have never had any additional tax liabiity when I fill out my form 11 as my tax is already deducted by my employer under PAYE.

My only question is - do I need to pay preliminary tax in October 2020 in respect of the deemed disposal of €40k in 2020?

Many Thanks,
3CC
 
In my view No, as you can pay the lower of the following so the second option is probably the lowest and you will pay that through PAYE

From the Revenue site
 
Thanks jpd - I was hoping that would be the case.

I will have another deemed disposal in 2022 of ~€10k. Unfortunately, option 2 (above) will not be a good choice for me at that time so I will just have to pay 90% of the tax arising due to the 2022 deemed disposal.

Thanks for your rely.