Search found 311 matches

by Tylenol Jones
Sun Jun 13, 2021 12:58 am
Forum: Non-US Investing
Topic: Resetting cost basis?
Replies: 5
Views: 1415

Resetting cost basis?

I'm moving from a capital gains tax-free country to a country with capital gains tax. I'd like to reset the cost basis to the current prices to lock in gains prior to the move. Is there any way to achieve this without having to sell and then buy again?
by Tylenol Jones
Thu Jun 03, 2021 11:59 pm
Forum: Non-US Investing
Topic: VRWA vs VWRD price and volume
Replies: 5
Views: 1349

VRWA vs VWRD price and volume

How come VWRA (acc.) price is less than that of VWRD (dist.)? VWRA also seems to have higher volume despite being only 2 years old compared to 9 years for VWRD?
by Tylenol Jones
Mon Apr 12, 2021 8:50 am
Forum: Non-US Investing
Topic: Buying US-domiciled ETFs from Europe (Austria)
Replies: 26
Views: 3144

Re: Buying US-domiciled ETFs from Europe (Austria)

tradri wrote: Mon Apr 12, 2021 4:24 am
Tylenol Jones wrote: Mon Apr 12, 2021 4:22 am
It seems you're right. This looks very bad. No clue why they would do that but it seems they did. I guess only UCITS are OK.
Yes, it is very strange indeed. Doesn't seem to be a problem in other European countries.

Whatever, guess I'll have to stick to the WisdomTree ETPs. These are treated as ETCs, so I think they are only taxed when I sell them.
What are these WisdomTree ETPs? How come they are taxed only when you sell? What about the dividends?
by Tylenol Jones
Mon Apr 12, 2021 4:22 am
Forum: Non-US Investing
Topic: Buying US-domiciled ETFs from Europe (Austria)
Replies: 26
Views: 3144

Re: Buying US-domiciled ETFs from Europe (Austria)

tradri wrote: Sat Apr 10, 2021 5:55 am
Isn't there a problem that US ETFs aren't tax-reporting funds in Austria? (Meldefonds)

From what I can tell, these non-tax-reporting funds are taxed at either 90% of the capital gains from the beginning of the year to the end of the year, or at 10% of the last asset value of the fund, whichever is higher. https://www.konsument.at/geld-recht/inv ... s-und-kest

Doesn't this extreme taxation for these funds make them completely useless?
It seems you're right. This looks very bad. No clue why they would do that but it seems they did. I guess only UCITS are OK.
by Tylenol Jones
Tue Apr 06, 2021 11:10 am
Forum: Non-US Investing
Topic: Buying US-domiciled ETFs from Europe (Austria)
Replies: 26
Views: 3144

Re: Buying US-domiciled ETFs from Europe (Austria)

At least two potential ways. Suppose a 15% US treaty rate and a 20% local rate. For a US domiciled ETF, the investor receives 85% of the dividends, 15% broker withholding, but if they can gain a local tax credit for the 15% paid then they pay just 5% locally and their overall tax drag is 20%, so equivalent to the local marginal rate. For an Ireland domiciled ETF, the ETF pays 15% to the US internally (on US stocks held), then pays the remaining 85% to the investor. However, (and unlike the US), many countries do not let the investor take a credit for indirect tax paid by a fund or ETF. So here the investor pays 20% local tax on an effectively post-US tax 85% dividend, for an overall tax drag of 32.5%. Worse than the US domiciled ETF, then....
by Tylenol Jones
Tue Apr 06, 2021 4:59 am
Forum: Non-US Investing
Topic: Buying US-domiciled ETFs from Europe (Austria)
Replies: 26
Views: 3144

Re: Buying US-domiciled ETFs from Europe (Austria)

It could be a nice way to access them but beware of the US Estate Tax issue when buying anything that is US domiciled. Most people here recommend buying US securities through Irish domiciled funds to avoid that whole issue. Thanks. Didn't know that. What exactly does that mean? Do I have to pay higher taxes when I sell the funds? How much? The US tax issues with US domiciled ETFs are laid out in this wiki page: Nonresident alien taxation - Bogleheads The US does not tax nonresident capital gains. Austria has a workable estate tax treaty with the US, so that in practice you shouldn't run into problems with that. And the US/Austria income tax treaty has a 15% flat US tax rate on dividends paid by US corporations and (by extension) US domicil...
by Tylenol Jones
Mon Apr 05, 2021 12:51 pm
Forum: Non-US Investing
Topic: Buying US-domiciled ETFs from Europe (Austria)
Replies: 26
Views: 3144

Re: Buying US-domiciled ETFs from Europe (Austria)

Since when Europeans cannot buy US ETFs? They are not allowed to own them at all or they can keep what they bought before?
by Tylenol Jones
Mon Mar 15, 2021 12:45 am
Forum: Non-US Investing
Topic: Interactive Brokers vs. Trade Republic vs. Flatex (AUSTRIA)
Replies: 21
Views: 4862

Re: Interactive Brokers vs. Trade Republic vs. Flatex (AUSTRIA)

alpine_boglehead wrote: Sun Mar 14, 2021 12:33 pm
Physical gold and plain cryptocurrencies have a "speculation period" of 1 year. If you hold them longer than 1 year, you currently don't have to care about capital gains taxes (it used to be the same for stocks/funds until 2012).
Thanks! Hopefully they keep the tax free status. I'm guessing the stocks and funds bought before that change in 2012 probably kept the capital gains tax exempt status.
by Tylenol Jones
Sat Mar 13, 2021 2:31 am
Forum: Non-US Investing
Topic: Interactive Brokers vs. Trade Republic vs. Flatex (AUSTRIA)
Replies: 21
Views: 4862

Re: Interactive Brokers vs. Trade Republic vs. Flatex (AUSTRIA)

Sorry not on topic, but I'm curious how much is tax in Austria when you sell gold coins with some gain? How much on Bitcoin? If those are held through ETFs is it different taxation or the same?
by Tylenol Jones
Mon Feb 01, 2021 12:57 am
Forum: Non-US Investing
Topic: VUSD (Dist) vs. VUAA (Acc)
Replies: 11
Views: 5471

Re: VUSD (Dist) vs. VUAA (Acc)

There is no other way but to sell one and buy another given that it's the same fund behind? I'd like to switch but I don't want commission fees :-).
bubbasour wrote: Mon Jan 18, 2021 8:07 am
GregG3 wrote: Sun Jan 17, 2021 8:10 am At the moment I am using both VUSD and VUAA.
So do I. Couple of reasons.

- Started with VUSD, then realized reinvesting dividends is just operational task.
- VUAA came, sold all VUSD for my kids and reinvested in VUAA right away. Costed quite a bit of fees, but I believe it's worth it as a set-and-forget approach.
- There are arguments re how to efficiently withdraw e.g. for requirement, if you hold both VUSD and VUAA, you can withdraw less with the distributing funds.
- To not incur all commission fees, I just kept my VUSD, but all new buy orders are VUAA.. :sharebeer
by Tylenol Jones
Wed Jan 20, 2021 1:08 am
Forum: Non-US Investing
Topic: IB Doesn't Like Panama Anymore [Interactive Brokers]
Replies: 70
Views: 24505

Re: IB Doesn't Like Panama Anymore [Interactive Brokers]

I found this, it seems it's possible at least in theory https://ibkr.info/article/3322 I don't know. We've been using a corporate account since the early 1990s when we switched from a joint account at the Bank of Bermuda to a corporate account at Schwab International. For that change we had to sell the Frank Russell funds were were using, transfer the USD cash, and then buy what we wanted on Schwab. When we switched from the Schwab corporate account to the IBKR corporate account 6 years ago we had to sell, transfer, and rebuy. The BVI attorneys are still working on the new BVI corp and associated bank account. Don't know yet if we can transfer the 4 UCITS ETFs from the Panamanian corp account to the new BVI corp account or if we will have t...
by Tylenol Jones
Tue Jan 19, 2021 3:38 am
Forum: Non-US Investing
Topic: IB Doesn't Like Panama Anymore [Interactive Brokers]
Replies: 70
Views: 24505

Re: IB Doesn't Like Panama Anymore [Interactive Brokers]

How easy is it to convert an individual account to a company account at IB? Does it require selling assets and moving money around or it's possible to somehow just move the assets from an individual to a company account?
by Tylenol Jones
Thu Jan 14, 2021 12:02 am
Forum: Non-US Investing
Topic: Interactive Brokers - Account Inheritence
Replies: 13
Views: 7266

Re: Interactive Brokers - Account Inheritence

Does anyone know a bit more about these holding companies? For example, - What type of corporation should it be? - Should it be a pass through entity or not? - How should the ownership be setup if a family involved for inheritance purposes? - How does one properly keep track of ownership of funds? - Who can open a brokerage for such a company and invest? A director, an owner, or anyone showing on incorporation documents? - What would be a good place to form a holding company for non-US residents? - Any idea of approximate costs? - Is it possible to achieve tax free growth until retirement? - When funds are taken out how does one keep track of what is just originally invested and what are the gains that one has to pay taxes on? I can't answ...
by Tylenol Jones
Wed Jan 13, 2021 9:56 am
Forum: Non-US Investing
Topic: $4M to retire in Germany (for US CItizen)
Replies: 11
Views: 1727

Re: $4M to retire in Germany (for US CItizen)

Here's a link so you can compare living costs in the cities of your choice. Capital gains and dividend taxes are probably higher in Germany than in US.

https://www.numbeo.com/cost-of-living/
by Tylenol Jones
Tue Jan 12, 2021 12:07 am
Forum: Non-US Investing
Topic: Investing through a (non-US) LLC
Replies: 4
Views: 751

Re: Investing through a (non-US) LLC

I think that with LLC you don't get taxed twice as it's a pass through entity so you have to report capital gain taxes and dividends like if you have received them personally.
by Tylenol Jones
Mon Jan 11, 2021 11:41 pm
Forum: Non-US Investing
Topic: Interactive Brokers - Account Inheritence
Replies: 13
Views: 7266

Re: Interactive Brokers - Account Inheritence

Does anyone know a bit more about these holding companies? For example,

- What type of corporation should it be?
- Should it be a pass through entity or not?
- How should the ownership be setup if a family involved for inheritance purposes?
- How does one properly keep track of ownership of funds?
- Who can open a brokerage for such a company and invest? A director, an owner, or anyone showing on incorporation documents?
- What would be a good place to form a holding company for non-US residents?
- Any idea of approximate costs?
- Is it possible to achieve tax free growth until retirement?
- When funds are taken out how does one keep track of what is just originally invested and what are the gains that one has to pay taxes on?
by Tylenol Jones
Sun Jan 03, 2021 10:15 am
Forum: Non-US Investing
Topic: [AT/Austria] clarification on ETF taxes
Replies: 162
Views: 48969

Re: [AT/Austria] clarification on ETF taxes

I see, that's the only one I managed to find. I guess that's why I didn't find info in it :-). I'll try to find the estate tax treaty when I have some more free time. Thanks.
TedSwippet wrote: Sun Jan 03, 2021 7:21 am
Tylenol Jones wrote: Sun Jan 03, 2021 7:09 am Thanks for the further clarification. Here is the treaty text https://www.irs.gov/pub/irs-trty/austria.pdf
Thanks, but ... that is the text of the US/Austria income tax treaty. See Article 2 for the scope of taxes covered by it.

The US/Austria estate tax treaty should be a completely different and separate document. US estate tax treaties are often very hard to locate, not least because most of them predate the Internet, if not actual computers, often by a considerable number of decades.
by Tylenol Jones
Sun Jan 03, 2021 7:09 am
Forum: Non-US Investing
Topic: [AT/Austria] clarification on ETF taxes
Replies: 162
Views: 48969

Re: [AT/Austria] clarification on ETF taxes

Thanks for the further clarification. Here is the treaty text https://www.irs.gov/pub/irs-trty/austria.pdf Does Austria have an estate tax treaty with US? Yes. Though I'm unsure why you're asking, assuming the discussion here is still related to a Vanguard Ireland domiciled UCITS ETF. https://www.irs.gov/businesses/small-businesses-self-employed/estate-gift-tax-treaties-international Thanks, I checked it and there is no indication if it is increasing that 60K standard estate tax exemption for non-US residents. I have been unable to find a copy of the treaty itself. Can you point me to one? Meanwhile, while I know nothing about the US/Austria estate tax treaty -- apart from the fact that there is one -- I found this. By restricting applicati...
by Tylenol Jones
Sat Jan 02, 2021 11:43 pm
Forum: Non-US Investing
Topic: [AT/Austria] clarification on ETF taxes
Replies: 162
Views: 48969

Re: [AT/Austria] clarification on ETF taxes

TedSwippet wrote: Sat Jan 02, 2021 11:04 am
Tylenol Jones wrote: Sat Jan 02, 2021 1:49 am Does Austria have an estate tax treaty with US?
Yes. Though I'm unsure why you're asking, assuming the discussion here is still related to a Vanguard Ireland domiciled UCITS ETF.

https://www.irs.gov/businesses/small-bu ... ernational
Thanks, I checked it and there is no indication if it is increasing that 60K standard estate tax exemption for non-US residents.
by Tylenol Jones
Sat Jan 02, 2021 11:41 pm
Forum: Non-US Investing
Topic: [AT/Austria] clarification on ETF taxes
Replies: 162
Views: 48969

Re: [AT/Austria] clarification on ETF taxes

Thanks for the detailed response! Few questions someone can hopefully clarify: When is the capital gains tax charged in Austria? In the year when the gains are realized, right? For example, you hold an ETF for 10 years with 100% gain and you sell, you pay that year 27.5% of your profit and nothing in the years you hold the ETF? Yes, in the year you sell. However, capital gains realized within the fund itself (e.g. by selling appreciated shares) are "distributed" each year (called Besteuerung von Substanzgewinnen). This should be very little for low-turnover ETFs, but I've held high-turnover actively managed funds in the past that caused taxes worth several percent of the value this way. Is it possible to offset gains with losses? ...
by Tylenol Jones
Sat Jan 02, 2021 1:49 am
Forum: Non-US Investing
Topic: [AT/Austria] clarification on ETF taxes
Replies: 162
Views: 48969

Re: [AT/Austria] clarification on ETF taxes

Few questions someone can hopefully clarify:

When is the capital gains tax charged in Austria? In the year when the gains are realized, right? For example, you hold an ETF for 10 years with 100% gain and you sell, you pay that year 27.5% of your profit and nothing in the years you hold the ETF?

Is it possible to offset gains with losses? If yes, can you carry forward the losses or it's only losses offsetting the gains in the same year?

Does Austria have an estate tax treaty with US?
by Tylenol Jones
Mon Dec 07, 2020 6:22 am
Forum: Non-US Investing
Topic: US Treasuries ultra long alternatives for non US-investors
Replies: 11
Views: 1467

Re: US Treasuries ultra long alternatives for non US-investors

This is not a question whether it is useful or intelligent to invest in ultra long duration US Treasuries. It is merely a question regarding the options if one is "prevented" from investing in US ETFs (like ZROZ, GOVZ, EDV) bc of estate tax risk. AFAIK, there are NO investment funds or UCITS-funds investing in ultra long treasuries. There are a handful of ultra long European government bonds ETFs. I am not interested in these (how low can yields go from here.. I know, that question could have also been asked 3 years ago..) So, the only options I see are: - the 3x levered 10y UST-ETF from Wisdomtree (IE00BKT09032); suboptimal bc of lack of convexity compared to ultra long duration and internal cost - buying STRIPS directly (US bon...
by Tylenol Jones
Thu Oct 22, 2020 1:08 am
Forum: Non-US Investing
Topic: IB tiered commissions for LSE USD-denominated ETFs
Replies: 7
Views: 1309

IB tiered commissions for LSE USD-denominated ETFs

Has anyone tried purchasing VUSD or VWRD on LSE using tiered IB commission prices? Does it max at 39 USD the way they say?
by Tylenol Jones
Sat Oct 17, 2020 12:03 pm
Forum: Non-US Investing
Topic: Steps to do in the case of a US account non-resident holder death
Replies: 3
Views: 1370

Steps to do in the case of a US account non-resident holder death

Many of us are having US-based brokerage or bank accounts, so I was curious if anyone knows what are the exact steps to do and forms to be filled by the relatives in the case of the account holder death? It'd be great to have a wiki page on this topic.
by Tylenol Jones
Thu Sep 24, 2020 4:40 am
Forum: Non-US Investing
Topic: Europeans - whats your net worth and age
Replies: 27
Views: 5117

Re: Europeans - whats your net worth and age

manatee2005 wrote: Wed Sep 23, 2020 11:26 am
I did a tour of Vienna and I thought they had a lot of affordable housing. Is that just Vienna and not the rest of Austria?
Renting is great and buying is horrible over there. I calculated once for a property there and the cost was something like 50 years worth of rent. In better parts of the city for larger houses it ends up something like 80-100 years worth of rent. Weirdly enough they're all buying as they get some tax advantages and mortgages are around 1%. I think if mortgage rates shoot to 2-3% they'll all default on their mortgage payments as the salaries are rather moderate.
by Tylenol Jones
Wed Sep 09, 2020 5:20 am
Forum: Non-US Investing
Topic: IB Doesn't Like Panama Anymore [Interactive Brokers]
Replies: 70
Views: 24505

Re: IB Doesn't Like Panama Anymore [Interactive Brokers]

Why not a US pass-though entity if you're willing to pay for a corporation? US is effectively offshore for you and you'd get access to cheaper US ETFs without worry about US estate taxes? I'd guess US companies are much cheaper to form and maintain.
by Tylenol Jones
Wed Sep 09, 2020 5:01 am
Forum: Non-US Investing
Topic: taxes in Germany for ETFs not bought in Germany?
Replies: 11
Views: 1836

Re: taxes in Germany for ETFs not bought in Germany?

Storamin wrote: Tue Sep 08, 2020 9:54 am 1) Yes, you will pay taxes on your ETFs every year that you are a German tax resident. It doesn't matter if they are accumulating or distributing. You need to look up the Vorabpauschaule taxation treatment in Germany. Taxation of ETFs does not only occur at time of sale in Germany - it occurs every year.

2) That's not how the system works. When you sell it, if you are a German tax resident, of course Germany would want to tax it.
Is this yearly taxation only for dividends or for capital gains too?
by Tylenol Jones
Tue Sep 01, 2020 1:28 am
Forum: Non-US Investing
Topic: Using Swiss Bank and Taxes
Replies: 45
Views: 6537

Re: Using Swiss Bank and Taxes

Why don't you go with swissquote? They are Swiss and just bought Internaxx. They also have UAE branch https://www.swissquote.ae/

If you really want to go with a pure Swiss bank then look into some of the truly stable Swiss banks such as ZKB. I think UBS is just like all these other international banks.
by Tylenol Jones
Wed Aug 26, 2020 12:32 pm
Forum: Non-US Investing
Topic: Windfall - allocation and withdrawal rate [Bosnia]
Replies: 8
Views: 990

Re: Windfall - allocation and withdrawal rate [Bosnia]

Probably unrelated, but I wouldn't think of sale of a business as a windfall. You sold one of your existing assets - it's not unexpected money that suddenly came out of nowhere. As for your approach, I'd figure out how much I need to live on for the next 20-30 years in terms of the yearly expenses. Set aside the portion of the money of which 4% equals your yearly expenses. Invest this money in 50-50 portfolio bonds-stocks. The rest of the money you can invest 100% in stocks and leave it for your grandkids or similar. I believe 5K per month (60K per year) should be enough for a comfortable retiree life in that part of the world. So, have 60K/4%=1.5M invested in 50-50 or similar portfolio and withdraw 4% each year. The remaining 3.5M I'd inv...
by Tylenol Jones
Tue Aug 25, 2020 1:19 pm
Forum: Non-US Investing
Topic: Windfall - allocation and withdrawal rate [Bosnia]
Replies: 8
Views: 990

Re: Windfall - allocation and withdrawal rate [Bosnia]

Probably unrelated, but I wouldn't think of sale of a business as a windfall. You sold one of your existing assets - it's not unexpected money that suddenly came out of nowhere. As for your approach, I'd figure out how much I need to live on for the next 20-30 years in terms of the yearly expenses. Set aside the portion of the money of which 4% equals your yearly expenses. Invest this money in 50-50 portfolio bonds-stocks. The rest of the money you can invest 100% in stocks and leave it for your grandkids or similar. I believe 5K per month (60K per year) should be enough for a comfortable retiree life in that part of the world. So, have 60K/4%=1.5M invested in 50-50 or similar portfolio and withdraw 4% each year. The remaining 3.5M I'd inve...
by Tylenol Jones
Fri Aug 21, 2020 12:12 pm
Forum: Non-US Investing
Topic: Transfering money from a foreign bank account and currency into a US account and USD
Replies: 12
Views: 1332

Re: Transfering money from a foreign bank account and currency into a US account and USD

Does this work for all currencies? I'd never think I could send a random currency like that into USD account in US. Does this work with all US banks or it's a feature of Schwab accounts? Other banks have different support and routing so I cannot comment. Schwab supports the common currencies. Basically you have the option of sending TO schwab USD -- in which case the sending party does the FX; or sending in foreign currencies -- in which case the FX is done on Schwab's side. If you call them, they can quote you the live rates. I've always sent EUR to them and i've always been pleased. https://international.schwab.com/public/file/SERVICE-FORMS-ROUTING-INCOMINGWIRE-CSCO-FOREIGNCURRENCY This is very nice. Good selection of the currencies. Tha...
by Tylenol Jones
Fri Aug 21, 2020 6:35 am
Forum: Non-US Investing
Topic: Transfering money from a foreign bank account and currency into a US account and USD
Replies: 12
Views: 1332

Re: Transfering money from a foreign bank account and currency into a US account and USD

hunoraut wrote: Fri Aug 21, 2020 6:03 am i wire foreign currency to schwab, and let them (technically, their intermediary bank) handle the conversion. that's always given the best net results.
Does this work for all currencies? I'd never think I could send a random currency like that into USD account in US. Does this work with all US banks or it's a feature of Schwab accounts?
by Tylenol Jones
Sun Jul 26, 2020 7:21 am
Forum: Non-US Investing
Topic: Tiered commission for Ireland domiciled ETF on LSE using Interactive Brokers
Replies: 7
Views: 1866

Re: Tiered commission for Ireland domiciled ETF on LSE using Interactive Brokers

I always believed they have only fixed at 0.05% no up limit on LSE for USD-denominated stocks. Where did you find tiered option?
by Tylenol Jones
Thu Jul 16, 2020 9:34 am
Forum: Non-US Investing
Topic: Draft wiki page: Bogleheads investment philosophy for non-US investors
Replies: 19
Views: 1724

Re: Draft wiki page: Bogleheads investment philosophy for non-US investors

I think many non-US people live in countries with much higher social safety nets but much less after tax savings for potential investment. I think they should adopt a more aggressive approach with investments, but I'm not sure what it is.
by Tylenol Jones
Mon Jul 06, 2020 2:39 am
Forum: Investing - Theory, News & General
Topic: Help me understand this on real estate investing
Replies: 35
Views: 3705

Help me understand this on real estate investing

I read the following paragraph here https://jlcollinsnh.com/2013/05/29/why-your-house-is-a-terrible-investment/ and I'm not able to understand what he's saying: "Now, here is where my post really won’t make a lot of sense. While a house is a terrible investment, I own a house and recommend other people do so as well. Why? Not because the house is a great investment, but because the mortgage is a great way to borrow money due to all the government subsidies. Having a mortgage is a great way to short the US dollar because of the long maturity and low rates you can borrow at. I make sure to constantly take all of the equity out. If there was some way to borrow $400,000 at 3% for 30 years and buy stocks with the money I would much rather d...
by Tylenol Jones
Fri May 15, 2020 10:59 pm
Forum: Non-US Investing
Topic: The Mighty USD
Replies: 58
Views: 5536

Re: The Mighty USD

I think it'll be getting stronger. I think it'll be stronger than EUR and maybe even GBP.
by Tylenol Jones
Sun May 10, 2020 2:14 am
Forum: Non-US Investing
Topic: [France] First time investor lazy/permanent portfolio advice
Replies: 22
Views: 3046

Re: [France] First time investor lazy/permanent portfolio advice

I would be just simply buying a total world market ETF until I have in it at least equal to what you have in real estate. After that I'd re-evaluate my situation.
by Tylenol Jones
Fri May 08, 2020 12:33 am
Forum: Non-US Investing
Topic: How to set up first large portfolio as a novice? Nomad Freelancer/Residence Issues
Replies: 31
Views: 3435

Re: How to set up first large portfolio as a novice? Nomad Freelancer/Residence Issues

pycut wrote: Tue May 05, 2020 11:49 am
I have a Canadian and an EU passport. But I really don't live anywhere. There is no country where I spend a majority of my time or where I even have stuff.
I think I've read somewhere that in order to be a non-resident in Canada you must have residency established elsewhere at all times, otherwise you're considered resident of Canada and own taxes there. I think it's in a way similar to US citizenship as they own tax no matter where they are, but if they have residency in another country then they have some exemptions.
by Tylenol Jones
Thu Apr 30, 2020 12:07 am
Forum: Non-US Investing
Topic: [AT/Austria] clarification on ETF taxes
Replies: 162
Views: 48969

Re: [AT/Austria] clarification on ETF taxes

No, these taxes are just that, income tax. For insurance (health insurance, and maybe pension insurance if you haven't got your 15 required contribution years to qualify for a pension), you have to look elsewhere, e.g. self-insure, have insurance via self-employment, work a small job above the limit for social insurance so you're just normally insured, or a small job below the limit for social insurance and self-insure (called opt-in). Unemployment benefits include health insurance and contributions to pension insurance. After unemployment benefits are used up, you can get "emergeny aid" (social security), but as an early retiree you'd hardly qualify (you have to be able and willing to work to qualify). And you (obviously) only g...
by Tylenol Jones
Tue Apr 28, 2020 12:54 pm
Forum: Non-US Investing
Topic: [AT/Austria] clarification on ETF taxes
Replies: 162
Views: 48969

Re: [AT/Austria] clarification on ETF taxes

These are quite high taxes on dividends and capital gains. I wonder if there is some kind of progressive taxation for someone living off of their investments only? Yes, there is this option in Austrian tax law. You can opt to have your capital gains taxed at income tax rates (Regelbesteuerungsoption). This would mean that you pay 0% on the first €11k, 25% on the next €7k, 35% on the next €13k. That means if you have e.g. 10k taxable capital income (dividends, gains), you could save €10k x 27,5% i.e. €2750 in taxes. The caveat is that you then need to report all capital income - each cent in interest paid in bank accounts etc. There's some small print regarding sole income provider deduction (Alleinverdienerabsetzbetrag), if you're interest...
by Tylenol Jones
Sat Apr 18, 2020 4:31 am
Forum: Non-US Investing
Topic: No need to invest for Europeans?
Replies: 151
Views: 13627

Re: No need to invest for Europeans?

How is it living in Europe off of your investments? For example, in Germany they have very high capital gain and dividend taxes, would you be taxed full amount no matter how small your overall investment income is or you have the same brackets as with income tax?
by Tylenol Jones
Fri Apr 17, 2020 11:28 am
Forum: Non-US Investing
Topic: [AT/Austria] clarification on ETF taxes
Replies: 162
Views: 48969

Re: [AT/Austria] clarification on ETF taxes

These are quite high taxes on dividends and capital gains. I wonder if there is some kind of progressive taxation for someone living off of their investments only?
by Tylenol Jones
Mon Oct 07, 2019 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: wsj treasuries data import to google sheets
Replies: 0
Views: 450

wsj treasuries data import to google sheets

I used to be able to import data using the following

=importxml("http://www.wsj.com/mdc/public/page/2_3020-treasury.html", "//tr")

but it stopped working. Can someone with some tech skills help with the new command.
by Tylenol Jones
Tue Jul 30, 2019 5:21 am
Forum: Non-US Investing
Topic: Why it's cheaper to buy ETF on IB on LSE in USD, than in my home currency EUR?
Replies: 3
Views: 788

Re: Why it's cheaper to buy ETF on IB on LSE in USD, than in my home currency EUR?

How do you manage to get such low rates? Isn't it minimum 5 USD on LSE?
by Tylenol Jones
Thu Jul 11, 2019 12:39 pm
Forum: Non-US Investing
Topic: Is there sth like [SIPC] law in LSE?
Replies: 11
Views: 1740

Re: Is there sth like [SIPC] law in LSE?

Jing wrote: Wed Jul 10, 2019 7:04 pm But if I use IB to trade in the LSE,in fact I trade in the IB(UK)company. Can it still be protect by SPIC which is in USA?
You should open an account with their US branch, and double check with them that there is SIPC coverage for the account you want to open.
by Tylenol Jones
Wed Jul 10, 2019 12:26 pm
Forum: Non-US Investing
Topic: Is there sth like [SIPC] law in LSE?
Replies: 11
Views: 1740

Re: Is there sth like [SIPC] law in LSE?

If you have an account with a US-based [SIPC]-insured broker than all your holdings are insured no matter what exchange they are bought at. (At least this is what I was told by IB when I enquired shortly after opening an account with them many years ago.)

[Acronym corrected by moderator oldcomputerguy]
by Tylenol Jones
Sun Jun 23, 2019 7:26 am
Forum: Non-US Investing
Topic: Why no total US market ETF outside US - only S&P500
Replies: 5
Views: 915

Re: Why no total US market ETF outside US - only S&P500

AlohaJoe wrote: Sat Jun 22, 2019 7:36 am There is US total market ETFs available outside of the US, so your sweeping generalization is wrong.

Here's Australia

https://www.vanguardinvestments.com.au/ ... /?overview

Here's Mexico

https://www.vanguardmexico.com/web/cf/m ... st-of-etfs

If you had a question about a specific market or exchange you're likely to get a more specific answer.
These are US-domiciled ETFs.
by Tylenol Jones
Sat Jun 22, 2019 7:26 am
Forum: Non-US Investing
Topic: Why no total US market ETF outside US - only S&P500
Replies: 5
Views: 915

Why no total US market ETF outside US - only S&P500

Even Vanguard who is supposedly claiming total US market is better than S&P500 is offering only S&P500 outside US? Is this because of the cost of tracking various indices or it's just that S&P500 is more marketable to non-US investors?
by Tylenol Jones
Mon Jun 10, 2019 10:09 pm
Forum: Non-US Investing
Topic: [Wiki] Bond ETF Non US resident withholding tax
Replies: 34
Views: 7127

Re: [Wiki] Bond ETF Non US resident withholding tax

Not sure about this, but it's worth pointing out that US treasuries bought directly are probably the most non-US person friendly asset - many brokers provide them with zero commission, 0% interest tax, and 0% estate tax. For bond ETFs even if you don't have interest tax, you do have estate tax, so well worth hassle (if any) to buy treasuries directly. Correct me if I am wrong, but this applies to any US debt such as agency bonds and municipal bonds as well. So you could by a US domiciled municipal or agency bond etf (along with a US government bond ETF) and not have to to be concerned with withholding tax or estate tax issues. I'm not sure as I was paying attention only to treasuries when I was checking this info. I tried at the same time ...
by Tylenol Jones
Fri May 24, 2019 12:42 am
Forum: Non-US Investing
Topic: [Wiki] Bond ETF Non US resident withholding tax
Replies: 34
Views: 7127

Re: [Wiki] Bond ETF Non US resident withholding tax

Not sure about this, but it's worth pointing out that US treasuries bought directly are probably the most non-US person friendly asset - many brokers provide them with zero commission, 0% interest tax, and 0% estate tax.

For bond ETFs even if you don't have interest tax, you do have estate tax, so well worth hassle (if any) to buy treasuries directly.