tax on shares on NYSE

aidanki

going to be buying shares on NYSE soon, Ill go through a broker to do this, who will charge a fee and the Irish government will charge another 1% stamp duty.

So lets assume the shares go up, and because currency fluctuation hasn't interfered that I make a profit

anyone able to tell me whats happens regarding tax ? Do the US government take some taxes seeing as the shares are listed on the NYSE. Obviosuly I pay CGT on the profits in Ireland.

Cute Hoor

First off you won't be paying the 1% stamp duty if you're buying US stocks (or Irish ADRs traded in the US), all you will pay is the broker costs to buy and sell. The US authorities will not take any tax on your profits, you will just declare them to the Irish authorities and pay CGT (if relevant) in the same way as you would for stocks traded here. That is my understanding.

ei9go

There is a US Internal Revenue form that you need to fill out if you hold US shares no matter where you live.

Can't remember the forms number but google it

Cute Hoor

ei9go wrote: »

There is a US Internal Revenue form that you need to fill out if you hold US shares no matter where you live.

Can't remember the forms number but google it

W-8BEN

valoren

Don't forget that some may charge you an additional fee for executing a trade outside of Ireland or the UK. Check the small print.