alwaysonit
Registered User
- Messages
- 137
Firstly, is there a Northern Irish specific financial forum one can recommend to ask this question?
With ETFs taxed like standard shares, a yearly tax free ISA allowance of £20k, CGT tax free credit of £12.3k, and standard CGT at 10% up to £50k (assuming it is your only income), am I missing anything in weighing up settling north rather than south of the border?
There also seems to be no “ordinary residence” rule in UK, meaning if one wanted to change country of residence for efficient asset disposal, it would only take 1 year of exile, rather than 4 from ROI.
I know there is an estate tax over 325k (couple of ways to minimise this, including relocating when in old age), but this is the only financial con I can find when weighing them up.
With ETFs taxed like standard shares, a yearly tax free ISA allowance of £20k, CGT tax free credit of £12.3k, and standard CGT at 10% up to £50k (assuming it is your only income), am I missing anything in weighing up settling north rather than south of the border?
There also seems to be no “ordinary residence” rule in UK, meaning if one wanted to change country of residence for efficient asset disposal, it would only take 1 year of exile, rather than 4 from ROI.
I know there is an estate tax over 325k (couple of ways to minimise this, including relocating when in old age), but this is the only financial con I can find when weighing them up.