blackshire
New member
I just switched from trading212 to Degiro.
As I was setting it up I filled out a W-8ben form.
I don’t think i ever filled this out for trading 212. Now that I have one done for degiro, does this cover me over all platforms?
Secondly, i was a little confused on what the W8-BEN actually is.
I searched it in the forum and found a useful link.
https://www.davy.ie/binaries/content/assets/davy/private-clients/useful-forms/2018/w-8ben-faq.pdf
It says that Irish citizens avail of 0% capital gains on US stocks. But I assume this is only to the US government and not the Irish too? I read that you must pay tax to the US government and then subtract that from the Irish CGT.
If my understanding is correct then you would be paying the same amount either way? I assume I don’t get any irish tax reduction just from filling this out?
Apologies for my confusion. Any simple explanation would be much much appreciated!!
As I was setting it up I filled out a W-8ben form.
I don’t think i ever filled this out for trading 212. Now that I have one done for degiro, does this cover me over all platforms?
Secondly, i was a little confused on what the W8-BEN actually is.
I searched it in the forum and found a useful link.
https://www.davy.ie/binaries/content/assets/davy/private-clients/useful-forms/2018/w-8ben-faq.pdf
It says that Irish citizens avail of 0% capital gains on US stocks. But I assume this is only to the US government and not the Irish too? I read that you must pay tax to the US government and then subtract that from the Irish CGT.
If my understanding is correct then you would be paying the same amount either way? I assume I don’t get any irish tax reduction just from filling this out?
Apologies for my confusion. Any simple explanation would be much much appreciated!!