If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Tax implications for foreign fixed income vs. DIRT

Donald Trump · 2023-03-07 15:44:25

Suppose I have money sitting in a US bank which I can get x% and maybe build a CD ladder on it if I want that cash to be relatively liquid. I pay 33% DIRT on the interest. If instead, I try to build a fixed income ladder with similar maturities, either T-bills or Treasuries (zero coupon or otherwise) with similar time to…

07-03-2023 3:44pm

#1

Donald Trump

Registered Users, Registered Users 2 Posts: 20,825 ✭✭✭✭

Join Date: September 2015

Posts: 20654

Suppose I have money sitting in a US bank which I can get x% and maybe build a CD ladder on it if I want that cash to be relatively liquid. I pay 33% DIRT on the interest.
If instead, I try to build a fixed income ladder with similar maturities, either T-bills or Treasuries (zero coupon or otherwise) with similar time to maturity, will the proceeds be taxed the same as DIRT on interest, or is it taxed as income (coupons) and capital gains on any discount pulling to par at maturity?

0