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Setting up Trading Account

  • 07-06-2015 08:02PM
    #1
    eamo17o
    Closed Accounts Posts: 9 ✭


    Hi,

    Firstly apologies if these questions have been asked before.

    I'm new to the trading scene and I'm considering opening an account with KeyTrade Bank in Belgium. I think overall they have the widest selection of funds, equities/etfs etc. than any Irish broker - they are also pretty reasonable charges.

    My main concern is in relation to dealing with declaring tax. I only plan on investing mainly in mutual funds and etfs. I also plan on only investing approx €5000 across a couple of funds/etfs so I'm not expecting incredible gains.

    When I purchase do I then need to declare within than tax year that I have investing in these funds/shares as they are held offshore?
    Is this done through a Form11/12?
    How do I calculate what rate of tax I should be paying on any gains?

    If my gains do not exceed €1270 I do not need to declare for that year?

    Any advice/help would be great.

    Cheers, E


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