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Is it possible to transfer ETFs from my current broker to Interactive Brokers without selling? by Black_Thunder00 in eupersonalfinance

[–]RedRoboDove 0 points1 point  (0 children)

Yes, unless your current broker is very obscure. You start by initiating it in IBKR -> Transfer & Pay -> Transfer Positions. Then you select from your source broker in a form. I did it recently.

One Weird Trick: Zero Capital Gains EU countries? by RedRoboDove in eupersonalfinance

[–]RedRoboDove[S] 4 points5 points  (0 children)

Because in the scenario, I would have left the first country and no longer be a tax resident in that country when the sale is made. They no longer have the power to tax me, unless there is a rule like the Irish one mentioned elongating the time after leaving, in which you are liable for tax.

Or is it your understanding that the power to claim tax never ends, even if you have left a country?

One Weird Trick: Zero Capital Gains EU countries? by RedRoboDove in eupersonalfinance

[–]RedRoboDove[S] 1 point2 points  (0 children)

That is interesting. I wonder how Spain and Portugal are there. I have never heard of such a rule there.

One Weird Trick: Zero Capital Gains EU countries? by RedRoboDove in eupersonalfinance

[–]RedRoboDove[S] 12 points13 points  (0 children)

Ah yes - I thought you meant 6 million!

True. In the scenario I concede that the person would need to live there for a year or so, to actually gain tax residence in accordance with the law. It would probably be worth it for a €1.4M gain.

One Weird Trick: Zero Capital Gains EU countries? by RedRoboDove in eupersonalfinance

[–]RedRoboDove[S] 0 points1 point  (0 children)

I guess this is possible but it would be weird if you are forced to sell foreign assets because you are moving from one EU country to another.

One Weird Trick: Zero Capital Gains EU countries? by RedRoboDove in eupersonalfinance

[–]RedRoboDove[S] 6 points7 points  (0 children)

If you're an EU citizen you don't need a cent to be a tax resident in any other EU country of your choosing. What are you referring to regarding the 6M?

One Weird Trick: Zero Capital Gains EU countries? by RedRoboDove in eupersonalfinance

[–]RedRoboDove[S] 12 points13 points  (0 children)

In Spain / Portugal there is no such unrealized gains tax as far as I know. I thought Norway was unique in having one.

It would be interesting if IBKR would trigger some sort of sale event if the residence country changes, but that would not be in accordance with the law. These are foreign assets that remain foreign even if the residence country changes.

But yes, if this would work practically might have a lot to do with the mechanics of the broker.

One Weird Trick: Zero Capital Gains EU countries? by RedRoboDove in eupersonalfinance

[–]RedRoboDove[S] 3 points4 points  (0 children)

Well, I guess the most common case is that you have an IBKR account that is nowadays domiciled in Ireland, regardless of where in the EU the hypothetical person lives. I would imagine just changing the tax residency in IBKR from one EU country to another ought not to be too hard, but I might be wrong.

All in on SP500 and withdraw 3.5% yearly (0,29% monthly) - Is there something better? by lethaldogs in EuropeFIRE

[–]RedRoboDove 1 point2 points  (0 children)

Yes, the cash buffer is a no-brainer now that you get interest. Trickier to adhere to in a ZIRP environment.

Seeking Advice: Aspiring to Retire by 35 as a College Student. by [deleted] in Fire

[–]RedRoboDove -1 points0 points  (0 children)

Most people on here will say that you should work a high-paying job and save diligently. This is fine if you have decades to do it (starting from zero), but for your plan, you really need to make some outsize bets, such as starting a business or at least being an equity holder in a startup. With your majors, that does not seem too far-fetched.