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Buying US domiciled ETFs to avoid deemed disposal

  • 11-04-2021 09:57AM
    #1
    Investor12
    Registered Users, Registered Users 2 Posts: 7 ✭


    Brokers are not allowed to sell US domiciled ETFs in the EU unless they have KID documentation. This means we're left with UCITS ETFs which are subject to deemed disposal.

    Has anyone tried buying US domiciled ETFs via an international broker? I understand their subject to CGT rather an exit tax.

    Has anyone here been successful with this?


Comments

  • #2
    Cute Hoor
    Registered Users, Registered Users 2 Posts: 1,788 ✭✭✭Cute Hoor


    If you are based in Ireland I think you are snookered.
    TDAmeritrade & IB do not allow it, and I presume it is the same for all other international brokers who accept Irish customers.
    I have an (inherited) account with Firstrade, they allow it (for the moment anyway), but I don't think you can open an account with them.


  • #3
    borderfox11
    Registered Users, Registered Users 2 Posts: 79 ✭✭borderfox11


    Tradestation allow you to buy US ETFs, Tastytrade allow options trading for international customers but I haven't tried purchasing a US ETF yet


  • #4
    Jambonjunior
    Registered Users, Registered Users 2 Posts: 431 ✭✭Jambonjunior


    Sometimes you get around this by buying ITM puts.


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