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Understanding secondary listings and tax liability

  • 01-05-2015 03:20PM
    #1
    robp
    Banned (with Prison Access) Posts: 1,933 ✭✭✭


    If you have an Irish company in the ISEQ that has a secondary listing in Frankfort or London is an investor liable for Irish stamp duty and dividend withholding tax regimes or that of the country of the exchange the stock was bought on?

    Thanks,
    R


Comments

  • #2
    Sonnenblumen
    Registered Users, Registered Users 2 Posts: 5,834 ✭✭✭Sonnenblumen


    robp wrote: »
    If you have an Irish company in the ISEQ that has a secondary listing in Frankfort or London is an investor liable for Irish stamp duty and dividend withholding tax regimes or that of the country of the exchange the stock was bought on?

    Thanks,
    R

    Stamp duty applies only at point of purchase, rates vary, so it will depend where the share is listed. For example, if you buy Irish Company X listed on LSE, the rate will be 0.5%, if you were to buy shares in the same co listed on ISE, the rate would be 1.0% of the total transaction.

    Divi withholding tax (standard rate 20%) is usually deducted at source, ie where payment is being made, however Irish residents are liable to pay tax at marginal rate + PRSI etc ie 50% on all divi income (irrespective of source) any withholding taxes paid to other tax authorities, will be factored into final liabilities.

    Clear as mud? Good, thought so! :D


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