Foreign dividends tax as non-domiciled

oppy30

Hi all,

I have received some dividends on US stocks that are kept on a US brokerage account. The dividend have been (automatically) reinvested to buy more stocks of the same kind. I am resident in Ireland, but not domiciled.

AFAIK US dividends count as foreign income, and being non-domiciled in Ireland I am not liable to pay tax on them until I remit them to Ireland. It is not clear to me what "remit" means in this context though, as they have been exchanged with something else.

Do I need to pay the tax on the original dividends if I eventually sell the stocks I have bought with that income and I remit the profits to Ireland? Or what?

Peregrinus

No. You didn't remit the dividends. You've spent them, and they're gone. What you now have is a new asset, and your concern is income tax on the dividends from that assets, and capital gains tax on any gain when you eventually dispose of it.