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We need a tax efficient investment vehicle

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  • 29-05-2019 11:07pm
    #1
    killasser
    Registered Users Posts: 13 ✭


    Hi all,

    A friend of mine has created a petition requesting the government to consider providing better tax efficient investment. He is calling on them to provide a similar long term vehicle such as the ISA in the U.K. so that we can build savings for housing or retirement

    If this is something that you believe in, please sign to let the government know that we the public are interested in such a vehicle.

    http://chng.it/7gdRC5czmx


Comments

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    #2
    Colm06
    Registered Users Posts: 1 ✭Colm06


    Fairplay! This is sorely needed, the tax rules on investments are painful. I've signed it.


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    #3
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,019 Mod ✭✭✭✭Jim2007


    Make if very simple and promote capital accumulation... do it like we have here in Switzerland: No CGT on investing gains provide your average number of trades per month is less than 10.

    Actively campaign with TDs and get on the street. An electronic petition gets you nowhere


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    #4
    Soilse
    Registered Users Posts: 111 ✭✭Soilse


    This is the kind of changes we should be forcing our politicians to make


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    #5
    Diarmuid
    Registered Users Posts: 3,981 ✭✭✭Diarmuid


    Jim2007 wrote: »
    No CGT on investing gains provide your average number of trades per month is less than 10.

    I'd suggest something more achievable. Like increase the CGT allowance, or reduce the CGT rate after an asset is held x years (say 15), get rid of deemed disposal and income tax regime on ETF etc. ie bring Ireland inline with other countries.

    A rule like you are suggesting would pretty much wipe out the governments income from CGT as it would be such a strong incentive. You probably should be trading less than 10 trade each month ANYWAY.


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    #6
    heffo500
    Registered Users Posts: 963 ✭✭✭heffo500


    I have signed it excellent idea.


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    #7
    RockDaddy
    Registered Users Posts: 44 ✭RockDaddy


    Great idea, I've signed. Always felt we get short straw here in Ireland. Limited options for saving/investing and taxed to the hilt everyway you turn..Surely a benefit to the ISE too.


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    #8
    kcools
    Registered Users Posts: 168 ✭✭kcools


    Signed.


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