I would appreciate a little bit of advise regarding tax. I’m from/live in Ireland and have recently set up my T212 account. I have decided to use 2 different investment strategies.
- Use ETFs for long term Investing. This will be around 80% of my investing.
- Buy/Sell stock with the hope to use the profit to re-invest.
From my research on the this, it’s not very clear the amount of tax I would be required to pay on any profit. Seems like I could be paying over 50% tax on dividends? Is tax the same for Irish based companies compared to EU based or is there anyway to keep taxes at a minimum? Would it be a better strategy to invest in a dividend paying company within an ETF rather than the ETF itself?
Sorry for all the questions but I’m new to investing. Any other tips or advice would be greatly appreciated.
Thank you in advance for the reply’s