Tax on shares

Irish Shares – The Company, in which you own your shares, will withhold 20% tax on your dividend income. You are then subject to tax at 41% less the 20% withholding tax.

 

UK Shares – The UK Company will withhold 10% on any dividends paid by them. You are then subject to tax at 41% on net amount received

 

US Shares – Any withholding tax withheld by the IRS on dividend income is allowed as a deduction against income tax of 41% on the gross amount payable from the US Company.

 

You may also have to pay 4% PRSI if you over the €3,174 limit as noted below

 

If you sell any of the above shares and you make a gain you are subject to CGT of 33% on any gain on same

 

Tip:

> Always clarify what type of shares you have invested in or investing in to determine the correct tax treatment