tax on money made on us market

[gene mc]

hi just wondering if i reside in ireland and i make money trading the stock market in the usa using an online contract what tax would i have to pay when transfering money back to ireland thanks

 

[mandelbrot]

Are you Irish resident, ordinary resident and domiciled?

If so then you are liable to Capital Gains Tax on all of your worldwide income and gains.

If you aren't domiciled here, then you are liable to CGT on a remittance basis. In which case you should probably get professional advice on your exposure.

 

[mercman]

This thread should be moved to the Investments forum,'as it is Important for others in the same position to learn how to deal with these issues.