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Movement from cheques to EFT has changed dividend tax?

  • 05-05-2016 10:30AM
    #1
    vector
    Registered Users, Registered Users 2 Posts: 1,756 ✭✭✭


    In the old days I use to receive dividends by cheque, and all was well.

    But now with Goodbody.ie the dividends are instead put into my "cash account" online. So I have gone for 2 years without actually "enjoying them" they are in limbo. Does this mean I am not liable (at the moment) for tax on these dividence? i.e. is it only when I transfer them to my real-world bank account that the Revenue need to know?


Comments

  • #2
    Francie Barrett
    Registered Users, Registered Users 2 Posts: 17,197 ✭✭✭✭Francie Barrett


    What kind of shares are you talking about? Tax may be deducted at source.


  • #3
    valoren
    Registered Users, Registered Users 2 Posts: 5,632 ✭✭✭valoren


    Irish 'Encashment' Tax is 20% with Davy.


  • #4
    Geuze
    Registered Users, Registered Users 2 Posts: 14,655 ✭✭✭✭Geuze


    vector wrote: »
    In the old days I use to receive dividends by cheque, and all was well.

    But now with Goodbody.ie the dividends are instead put into my "cash account" online. So I have gone for 2 years without actually "enjoying them" they are in limbo. Does this mean I am not liable (at the moment) for tax on these dividence? i.e. is it only when I transfer them to my real-world bank account that the Revenue need to know?

    Income is declared the year you earn it.

    Where the income is sitting / spent / saved, is not relevant.


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