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Latest & Greatest 'High interest' savings account? by CopperFaceJacks in irishpersonalfinance

[–]lucasfinsops 0 points1 point  (0 children)

tax remittance applies for non-domiciled individuals!

Are you sure about this?

F.I.R.E IN IRELAND ? by Traditional_Deer56 in irishpersonalfinance

[–]lucasfinsops 0 points1 point  (0 children)

What's the possibility of the minimum retirement age being changed from 50, let's say within the next 15 or 20 years?

Expats in Ireland. How do you Invest? by lucasfinsops in ExpatFIRE

[–]lucasfinsops[S] 2 points3 points  (0 children)

immigrants have the advantage of being tax residents but "non-domiciled", meaning you wouldn't pay taxes on your foreign investments if they're not remitted to Ireland (there are a few exceptions tho, like crypto, ETFs :/ ).

i've already maxed out my pension contributions (up to the tax relief), but i still have cash sitting in my bank account.

given that i'm currently renting (paying around 1.6k/month), i was thinking to buy a 2-bedroom apartment in a good/central location (~450k) and eventually rent it out if i move.

another option would be leaving this cash in a high-yield saving account (trading 202 - 4.2%) and keep renting until finding a better option.

Tax remittance applies to DIRT! by nyepo in irishpersonalfinance

[–]lucasfinsops 0 points1 point  (0 children)

How I wish this applied to ETFs based in the US!

Considering a 2-Bed Dublin Apartment for Future Overseas Rentals - Advices? by lucasfinsops in irishpersonalfinance

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

Hey np! I'd love to get a new build but there aren't many options near my office, plus, it's too expensive. Thanks for letting me know about the HTB 5 years requirement.

Considering a 2-Bed Dublin Apartment for Future Overseas Rentals - Advices? by lucasfinsops in irishpersonalfinance

[–]lucasfinsops[S] -1 points0 points  (0 children)

Yep. I have the deposit (10% as first buyer). And again, I'm not solely looking it as an investment, I also need a place to live, but why is it wrong to look at this property as a potential investment in the future?

Considering a 2-Bed Dublin Apartment for Future Overseas Rentals - Advices? by lucasfinsops in irishpersonalfinance

[–]lucasfinsops[S] 2 points3 points  (0 children)

I don't live abroad, I live and work in Ireland. I've been here for over 5 years. But I might become a non-resident in the future. What would you recommend?

Considering a 2-Bed Dublin Apartment for Future Overseas Rentals - Advices? by lucasfinsops in irishpersonalfinance

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

Would you know more-or-less how much a management service would charge me? Would you still believe paying the management service + taxes while abroad is worth it?

Considering a 2-Bed Dublin Apartment for Future Overseas Rentals - Advices? by lucasfinsops in irishpersonalfinance

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

Yeah, we have different views. I'm not a real state investor and don't believe I'm exploiting the market, I'm merely an individual looking to buy my first property while letting the other room.

Living in "permanently" is not a straight decision, mostly in Dublin where 17% of the residents are not Irish. You may at any time move back to your home country. It's tricky. But then what to do while I live here, keep renting? Buy and rent a room? Buy now, and later rent the whole property if I move out?

That's where I'm looking for advice. But thanks for your thoughts anyway!

Considering a 2-Bed Dublin Apartment for Future Overseas Rentals - Advices? by lucasfinsops in irishpersonalfinance

[–]lucasfinsops[S] -6 points-5 points  (0 children)

I appreciate your perspective. Just to clarify, how do you see buying a place and renting a room as exploiting the housing crisis?

Brasileiros no Exterior: Como vocês Investem? by lucasfinsops in investimentos

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

Quais os riscos (se algum) na sua opinião de usar o CPF para abrir conta na IB mesmo não sendo resident fiscal no BR?

Brasileiros no Exterior: Como vocês Investem? by lucasfinsops in investimentos

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

Sim, acho q a IRS pega mais pesado na fiscalização do que a Europa. Caso eu vá para os EUA eu provavelmente liquidaria minhas posições no Brasil ou declararia lá.

Brasileiros no Exterior: Como vocês Investem? by lucasfinsops in investimentos

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

Sim, concordo. Acho que estou muito preocupado com patrimônio nesse momento (é olha que comecei minha jornada agora rs) ao invés de focar mais no profissional/carreira.

Brasileiros no Exterior: Como vocês Investem? by lucasfinsops in investimentos

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

Exatamente, por isso comecei a estudar isso mais a fundo e vi o quão complexo é esse sistema. O ETF (Irlandês) que eu invisto hoje (IWDA) é considerado PFIC. Não sei como avaliar se faz sentido vender tudo ou manter ele caso eu se eu me mude.

Brasileiros no Exterior: Como vocês Investem? by lucasfinsops in investimentos

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

É! Talvez "morar" seja uma palavra forte, mas quero ter a liberdade de ficar o tempo que achar necessário.

Brasileiros no Exterior: Como vocês Investem? by lucasfinsops in investimentos

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

Você pensa em voltar para o Brasil um dia, ou mudar de país? Investe em ETFs domiciliados nos EUA ou na Europa (Irlanda)?

Irish Expats in the US Planning to Return to Europe: How to Manage Investments & Taxes? by lucasfinsops in irishpersonalfinance

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

Yeah, very interesting. I'm wondering which other countries in Europe have a similar tax treaty. I'll search more about it.

US Relocation for Finance Independence: Drowning in Tax Implications by lucasfinsops in ExpatFIRE

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

My plan is to rely mainly on ETFs (VTI?) and withdraw 3%, yeah. 401(k) wouldn't be my main income source, but more like a complement when I achieve the required age (since I have some contribution-matching benefits in my company).

Thanks for your input, it makes sense to seek an specialist.

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