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Capital Gains or Exit Tax for UCITS ETFs??

  • 31-12-2014 07:53PM
    #1
    newvestor8
    Registered Users, Registered Users 2 Posts: 3 ✭


    Does anyone know if is it true that ETFs are liable for 41% exit tax on disposal and that the first €1270 of any gains ARE NOT exempt as they are for Capital Gains Tax?

    Also does that mean that losses in ETFs are not offsetable? I tried to find a clear answer on revenue documentation but couldn't find any.

    If so it makes ETFs a lot less attractive than direct ownership of shares!
    Thanks for any advice.


Comments

  • #2
    gdrum
    Registered Users, Registered Users 2 Posts: 4 ✭gdrum


    Hi,

    I am searching for the same answers. As far as I'm concerned ETF's are securities and are traded like stocks rather than funds.

    I wonder if you could just file them as you would with stocks (dividend's and CGT on the Revenue form 11) rather than putting them down as funds?

    I agree it would make them much less attractive if the 41% tax is the case. In the US they are actually classed as tax efficient...


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