I'm curious why the deemed disposal tax after 8 years is considered so problematic because it seems like it would be easy to avoid. First of all, if I am no longer living in Ireland after 8 years, it would be irrelevant, right? Second, even if I was still in Ireland, couldn't I just sell the ETFs before 8 years, and then buy the exact same ones and avoid the deemed disposal tax?
I'm thinking that if the only functional difference between an ETF and an investment trust is the capital gains rate of 41% vs 33% then that could potentially be offset by the lower management fees that ETFs offer.
It's also really confusing because I've been getting conflicting info on whether it matters if the ETF is Irish domiciled, EU, or non-EU.
I've only been living in Ireland for 9 months and I must be missing something here so please correct me.
Thanks!
I'm thinking that if the only functional difference between an ETF and an investment trust is the capital gains rate of 41% vs 33% then that could potentially be offset by the lower management fees that ETFs offer.
It's also really confusing because I've been getting conflicting info on whether it matters if the ETF is Irish domiciled, EU, or non-EU.
I've only been living in Ireland for 9 months and I must be missing something here so please correct me.
Thanks!