By the way, this is the most complete article I’ve found. Thank you for sharing this information with us.
I have a point that if you’re currently living in Ireland, investing in Non-EU/Irish domiciled ETF’s might be better a better option if you’re planning to move to another country, and follow a buy&hold philosophy. See if it makes sense, considering of course a non-us citizen:
So, in Ireland you’re taxed 41% for all dividends/or capital gain (CGT) for EU/Irish ETFs, tough for other ‘offshore’ ETF’s (e.g. US, Singapore, etc) you pay up to 52% (Income Tax, USC, PRSI) of taxes in dividends, and 33% in CGT when selling your position. So it seems EU ETF’s seems better for taxes.
Here’s the thing: for EU/Irish ETF’s, there’s a deemed disposal every 8 years, that means that even if I have an accumulating ETF and I don’t want to sell it (thinking in long-term investment), I would still have to pay 41% of taxes on the CGT every 8 years due to this this deemed sale. Now, if I invest in a non-EU accumulating ETF, I won’t be subject to deemed disposal as it operates under the CGT regime, so I can let my investment run on without paying any taxes until I sell it. Imagining that in 20 years I move to another country where the CGT is lower than 33%, I would even pay even less taxes.
Is my thinking correct? Then, I have some questions if anyone knows this:
a) After growing my capital in an ETF, and I decide to move to a distributing dividend, what’s usually the best way to do that, selling a few every month when approaching my golden age?
b) If I move to another country that only taxes me for capital growth after moving to that country, would that mean I wouldn’t pay taxes at all in my initial investments?
Thanks !!