If you are interested in learning about investing in shares you may be interested in my online course, “Investing in Shares for maximum returns” businessandlegal.ie/terry-gorrys-investment-course
Thanks for your precious ADVICE. We need someone like you to deal and educate us on legal matters. Glad I found your channel. Thanks Terry and all the best.
Great video. Can you do an in depth tutorial on how PAYEs file CGT gains and losses as well as dividends during the two required periods of the year? It would be great to if you could use the 2 reports (with fake data) DEGIRO provide by the end of the year as you could teach us how to properly understand these reports so we’d be able to do it every year on revenue’s myAccount? :)
If an Irish resident, individual shareholder, is an unemployed person, are they required to pay tax on the dividends that they receive from their stock shares if the dividend payments are under 5K annually? I’m aware of Dividend WHT, so I’m referring to further taxes which may or may not be required in this circumstance. Thanks Terry
Sorry my English is not very well, we must pay tax every year or only if we sell thise shares? Or if we move money from traiding212 to my account? And if I bought some shares for 200€ and I decided to sell it, i must to pay tax for my money if there is no more than 200? Thanks
It's 25% in Ireland-that is, dividends from Irish companies. But UK, US etc. will apply different rates so it depends from what company the dividends are received. I thought I stated this in the video.
Hi Terry, quick question - Do you only have to pay CGT when you dispose of your stocks ? For example , I bought stocks on an execution only trading platform which i intend on holding these stocks for at least the next 5 years (Long term buy and hold) - Do I only pay CGT when I sell them?
The 8 year deemed disposal rules for ETFs is an absolutely punitive measure . Irish tax laws screw the small everyday investor ! ISAs in the UK are a tax heaven in comparison !
Also note that ETFs don’t come under CGT - they are under Exit Tax. 41% , with no annual exemption. The only exception is if the etf is domiciled outside the EU. All UCITS ETFs are eu domiciled if I understand correctly.
Not on DEGIRO, which I do use. Not sure yet, I’m quite new to the space. Might require an account with something more than an execution-only broker like DEGIRO. One with a a global presence.
Any idea how European dividends are treated regards DWT in Ireland? Like Siemens AG for example - If paid net of DWT is that considered as obligations met?
Yes, it depends on which European country and if they have a tax treaty with Ireland. I have shares in Siemens myself. Yes, if paid net my understanding that is the tax obligation complied with.
If you are interested in learning about investing in shares you may be interested in my online course, “Investing in Shares for maximum returns” businessandlegal.ie/terry-gorrys-investment-course
Would love to hear a video from you on the Reddit community v Wall St
Thanks for your precious ADVICE.
We need someone like you to deal and educate us on legal matters.
Glad I found your channel.
Thanks Terry and all the best.
Great advice Terry - thank you.
Thanks for the advice
Hi Terry, Do you need to tell the revenue about your gains if its less than 1200€ a year?
Also does the dividend income count towards this 1,200e or is just CGT? Is there any exception for small amounts of dividend income?
Have a look at this page:www.revenue.ie/en/gains-gifts-and-inheritance/transfering-an-asset/when-and-how-do-you-pay-and-file-cgt.aspx
See above.
Great video. Can you do an in depth tutorial on how PAYEs file CGT gains and losses as well as dividends during the two required periods of the year? It would be great to if you could use the 2 reports (with fake data) DEGIRO provide by the end of the year as you could teach us how to properly understand these reports so we’d be able to do it every year on revenue’s myAccount? :)
Great video Terry, thanks
Thank you, great video
If an Irish resident, individual shareholder, is an unemployed person, are they required to pay tax on the dividends that they receive from their stock shares if the dividend payments are under 5K annually? I’m aware of Dividend WHT, so I’m referring to further taxes which may or may not be required in this circumstance. Thanks Terry
No idea 🤷♂️ Check with an accountant or Revenue 👍
Terry are Reit stocks like Realty income dividends subject to tax in Ireland.As they are a reit they are not subject to tax in the US
I have no idea.
Sorry my English is not very well, we must pay tax every year or only if we sell thise shares? Or if we move money from traiding212 to my account? And if I bought some shares for 200€ and I decided to sell it, i must to pay tax for my money if there is no more than 200? Thanks
Could you discuss Tax on ETFs in Ireland please?
Brian, no, I am not a tax expert, nor am I an accounant, and I know nothing about it.
@@terrygorry no problem thanks
Is your investing course beginner friendly? I'm looking to start investing/trading and I'm not sure where to begin.
I’m not selling it anymore 👍
@@terrygorry no worries. Could you recommend any sources for beginners. Any help is greatly appreciated.
I would recommend "Beating the Street" by David Lynch, you will get it on Amazon@@davidomeara4704
@@terrygorry Thanks, it's greatly appreciated.
Good morning Terry. Good topic.
You didn’t mention any numbers.
C.G. is 33% but how much for dividends?
Thanks
It's 25% in Ireland-that is, dividends from Irish companies. But UK, US etc. will apply different rates so it depends from what company the dividends are received. I thought I stated this in the video.
Hi Terry, quick question - Do you only have to pay CGT when you dispose of your stocks ? For example , I bought stocks on an execution only trading platform which i intend on holding these stocks for at least the next 5 years (Long term buy and hold) - Do I only pay CGT when I sell them?
Yes, there must be a disposal.
@@terrygorry Hi Terry so all dividends must be declared to ROS.Regardless how small.There is no allowance credit?.
The 8 year deemed disposal rules for ETFs is an absolutely punitive measure . Irish tax laws screw the small everyday investor ! ISAs in the UK are a tax heaven in comparison !
Also note that ETFs don’t come under CGT - they are under Exit Tax. 41% , with no annual exemption.
The only exception is if the etf is domiciled outside the EU.
All UCITS ETFs are eu domiciled if I understand correctly.
@@brenfaltermeyer I don't think you can buy Etfs domiciled outside of the EU here tho? I've not seen any on degiro anyway ...
Not on DEGIRO, which I do use.
Not sure yet, I’m quite new to the space. Might require an account with something more than an execution-only broker like DEGIRO. One with a a global presence.
Is there anyway out of paying capital gains? Surely those big investors know how to work this system?
Ty, are Cryptocurrencys treated the same in relation to CGT in Ireland?
Don't know, I'm afraid, but if I had to guess I would say yes. Check Revenue website.
Any idea how European dividends are treated regards DWT in Ireland? Like Siemens AG for example - If paid net of DWT is that considered as obligations met?
Yes, it depends on which European country and if they have a tax treaty with Ireland. I have shares in Siemens myself. Yes, if paid net my understanding that is the tax obligation complied with.
@@terrygorry Thanks Terry! Siemens pay their dividends this week I think so I guess we'll find out then.
GME 🚀🚀🚀💎💎✊✊✊
🌟🌟🌟🌟👍🏻👍🏻👍🏻👍🏻