I recently opened an online share trading account. I have never purchased share directly previously.
I fully understand the tax treatment of dividends from Irish companies.
For UK companies, it would appear from reading online you don't get any tax credit for tax paid in the UK. I was quite surprised by this. It would seem that it doesn't make any sense for irish investor to buy UK dividend paying shares.
What is the treatment for other European countries. Do you get a tax deduction for tax paid in other countries? Does it vary for each country? Can anyone point me to good link which explains how it works.
I see USA and Canada have specific treatment on Form 11.
I fully understand the tax treatment of dividends from Irish companies.
For UK companies, it would appear from reading online you don't get any tax credit for tax paid in the UK. I was quite surprised by this. It would seem that it doesn't make any sense for irish investor to buy UK dividend paying shares.
What is the treatment for other European countries. Do you get a tax deduction for tax paid in other countries? Does it vary for each country? Can anyone point me to good link which explains how it works.
I see USA and Canada have specific treatment on Form 11.