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	Comments on: Tax loopholes for Irish investors	</title>
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	<link>https://mrsmoneyhacker.com/tax-loopholes-for-irish-investors/</link>
	<description>Helping people view money differently while chronicling my own path to financial independence in Ireland and Canada</description>
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		<title>
		By: How to invest in Ireland - Mrs. Money Hacker		</title>
		<link>https://mrsmoneyhacker.com/tax-loopholes-for-irish-investors/#comment-1787</link>

		<dc:creator><![CDATA[How to invest in Ireland - Mrs. Money Hacker]]></dc:creator>
		<pubDate>Sat, 02 Dec 2023 18:07:26 +0000</pubDate>
		<guid isPermaLink="false">https://mrsmoneyhacker.com/?p=660#comment-1787</guid>

					<description><![CDATA[[&#8230;] Tax loopholes for Irish investors [&#8230;]]]></description>
			<content:encoded><![CDATA[<p>[&#8230;] Tax loopholes for Irish investors [&#8230;]</p>
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		<title>
		By: Meagan		</title>
		<link>https://mrsmoneyhacker.com/tax-loopholes-for-irish-investors/#comment-1397</link>

		<dc:creator><![CDATA[Meagan]]></dc:creator>
		<pubDate>Sat, 05 Mar 2022 09:34:29 +0000</pubDate>
		<guid isPermaLink="false">https://mrsmoneyhacker.com/?p=660#comment-1397</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://mrsmoneyhacker.com/tax-loopholes-for-irish-investors/#comment-1376&quot;&gt;Matt&lt;/a&gt;.

Hi Matt, Cross border taxes are tricky, you need to take into account the double taxation treaties with your tax domicile country. My understanding though is that if you are not domiciled in Ireland, you only pay income taxes on income earned here or remitted here so if you ever had dividends paid into an Irish account or sold ETFs and used the money in Ireland then you&#039;d be liable to pay taxes on those which I can only assume includes deemed disposals but not sure how that works if you&#039;re remitting past the 8 years? Really something you&#039;d need to check with a cross border tax specialist. I came across these guys who seem to be knowledgable in this area. I haven&#039;t used them but they may add some clarity. https://trinityfinancial.ie/]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://mrsmoneyhacker.com/tax-loopholes-for-irish-investors/#comment-1376">Matt</a>.</p>
<p>Hi Matt, Cross border taxes are tricky, you need to take into account the double taxation treaties with your tax domicile country. My understanding though is that if you are not domiciled in Ireland, you only pay income taxes on income earned here or remitted here so if you ever had dividends paid into an Irish account or sold ETFs and used the money in Ireland then you&#8217;d be liable to pay taxes on those which I can only assume includes deemed disposals but not sure how that works if you&#8217;re remitting past the 8 years? Really something you&#8217;d need to check with a cross border tax specialist. I came across these guys who seem to be knowledgable in this area. I haven&#8217;t used them but they may add some clarity. <a href="https://trinityfinancial.ie/" rel="nofollow ugc">https://trinityfinancial.ie/</a></p>
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		<title>
		By: Matt		</title>
		<link>https://mrsmoneyhacker.com/tax-loopholes-for-irish-investors/#comment-1376</link>

		<dc:creator><![CDATA[Matt]]></dc:creator>
		<pubDate>Thu, 24 Feb 2022 13:52:58 +0000</pubDate>
		<guid isPermaLink="false">https://mrsmoneyhacker.com/?p=660#comment-1376</guid>

					<description><![CDATA[Very helpful overview thanks.  I&#039;m soon to move to Ireland with my Irish wife and am trying to understand the best way to structure things (I&#039;m not Irish).  We currently have most of our savings in Irish domiciled ETFs and it&#039;s a little tricky to find out much online regarding how exactly these are treated if I am non-domiciled.  Am I understanding the above correctly that if the ETFs are in my name and we left before the 8 year exit tax period, the ETFs would only be liable for 41% DIRT if remitted back into Ireland?  

I&#039;m seeking tax advice but am interested in the above as can&#039;t find anywhere online to confirm this approach...]]></description>
			<content:encoded><![CDATA[<p>Very helpful overview thanks.  I&#8217;m soon to move to Ireland with my Irish wife and am trying to understand the best way to structure things (I&#8217;m not Irish).  We currently have most of our savings in Irish domiciled ETFs and it&#8217;s a little tricky to find out much online regarding how exactly these are treated if I am non-domiciled.  Am I understanding the above correctly that if the ETFs are in my name and we left before the 8 year exit tax period, the ETFs would only be liable for 41% DIRT if remitted back into Ireland?  </p>
<p>I&#8217;m seeking tax advice but am interested in the above as can&#8217;t find anywhere online to confirm this approach&#8230;</p>
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		<title>
		By: Meagan		</title>
		<link>https://mrsmoneyhacker.com/tax-loopholes-for-irish-investors/#comment-907</link>

		<dc:creator><![CDATA[Meagan]]></dc:creator>
		<pubDate>Sun, 06 Jun 2021 19:26:45 +0000</pubDate>
		<guid isPermaLink="false">https://mrsmoneyhacker.com/?p=660#comment-907</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://mrsmoneyhacker.com/tax-loopholes-for-irish-investors/#comment-898&quot;&gt;Nadja&lt;/a&gt;.

HI Nadja, Sounds like a good plan, just be sure to check on the performance and fees of your pension and negotiate better rates where you can, also be sure to read the fine print for access at 50, that age may be changing to 55 in the next few years and you can only access at 50 under certain conditions.  In terms of leaving money in a US bank account, my understanding is if you remit the money to Ireland (including spending it on a US credit card or bank card here), this counts as a tax on remittance to Ireland, even for non-domiciled. I&#039;d check with a cross border tax specialist to confirm.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://mrsmoneyhacker.com/tax-loopholes-for-irish-investors/#comment-898">Nadja</a>.</p>
<p>HI Nadja, Sounds like a good plan, just be sure to check on the performance and fees of your pension and negotiate better rates where you can, also be sure to read the fine print for access at 50, that age may be changing to 55 in the next few years and you can only access at 50 under certain conditions.  In terms of leaving money in a US bank account, my understanding is if you remit the money to Ireland (including spending it on a US credit card or bank card here), this counts as a tax on remittance to Ireland, even for non-domiciled. I&#8217;d check with a cross border tax specialist to confirm.</p>
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		<title>
		By: Nadja		</title>
		<link>https://mrsmoneyhacker.com/tax-loopholes-for-irish-investors/#comment-898</link>

		<dc:creator><![CDATA[Nadja]]></dc:creator>
		<pubDate>Tue, 01 Jun 2021 09:10:55 +0000</pubDate>
		<guid isPermaLink="false">https://mrsmoneyhacker.com/?p=660#comment-898</guid>

					<description><![CDATA[Great summary. Our plan has been to put tax relieved max to defined contribution plans to access from age 50 and save/invest extra towards funds to bridge from FI to 50. I&#039;ve been thankful to have my vanguard accounts set up before moving to too as a non domicile. I assume if I have a us retirement account that I withdraw from but leave in my us bank, there is no Irish taxable event?]]></description>
			<content:encoded><![CDATA[<p>Great summary. Our plan has been to put tax relieved max to defined contribution plans to access from age 50 and save/invest extra towards funds to bridge from FI to 50. I&#8217;ve been thankful to have my vanguard accounts set up before moving to too as a non domicile. I assume if I have a us retirement account that I withdraw from but leave in my us bank, there is no Irish taxable event?</p>
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		<title>
		By: Sarah		</title>
		<link>https://mrsmoneyhacker.com/tax-loopholes-for-irish-investors/#comment-352</link>

		<dc:creator><![CDATA[Sarah]]></dc:creator>
		<pubDate>Tue, 06 Oct 2020 23:34:12 +0000</pubDate>
		<guid isPermaLink="false">https://mrsmoneyhacker.com/?p=660#comment-352</guid>

					<description><![CDATA[I&#039;d highly recommend using transferwise for transferring money from my USD Etrade to my EUR irish bank account. I am unable to use revolut as you can&#039;t receive USD on Revolut as far as I am aware. Also from my understanding of their cost structures when transferring large amounts transferwise is much better suited. The below link might be useful: 
https://thepoorswiss.com/transferwise-vs-revolut-which-is-best/#:~:text=Revolut%20supports%20140%20currencies%2C%20while,TransferWise%20can%20hold%20more%20currencies.]]></description>
			<content:encoded><![CDATA[<p>I&#8217;d highly recommend using transferwise for transferring money from my USD Etrade to my EUR irish bank account. I am unable to use revolut as you can&#8217;t receive USD on Revolut as far as I am aware. Also from my understanding of their cost structures when transferring large amounts transferwise is much better suited. The below link might be useful:<br />
<a href="https://thepoorswiss.com/transferwise-vs-revolut-which-is-best/#:~:text=Revolut%20supports%20140%20currencies%2C%20while,TransferWise%20can%20hold%20more%20currencies" rel="nofollow ugc">https://thepoorswiss.com/transferwise-vs-revolut-which-is-best/#:~:text=Revolut%20supports%20140%20currencies%2C%20while,TransferWise%20can%20hold%20more%20currencies</a>.</p>
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