Needing advice on a move from US-domiciled ETF to Irish-domicled UCIT
I'm resident in a country (Taiwan) with neither tax nor estate treaty with USA. For the past 6 years I've been investing and built up a sizeable portfolio of ETF funds (VTI, VT,, BND etc) with Charles Schwarb (previously transferred from TDA). For tax purposes in US, I'm a Nonresident alien.
For more favourable tax treatment and future estate planning I intend change my funds into Irish-domicilied UCIT (through IBKR)
I seem to have two choices:
1. Close out all my ETF positions on Charles Schwarb (no commisions), transfer all the cash into IBKR and restart my portfolio
2. Use ACATS to transfer all my current positions/cash from CS to IBKR, close out all the ETFs in IBKR (and incur commision), and restart portfolio with UCITs
I favour option 1 to save on fees.
Are there alternative solutions?
I'm resident in a country (Taiwan) with neither tax nor estate treaty with USA. For the past 6 years I've been investing and built up a sizeable portfolio of ETF funds (VTI, VT,, BND etc) with Charles Schwarb (previously transferred from TDA). For tax purposes in US, I'm a Nonresident alien.
For more favourable tax treatment and future estate planning I intend change my funds into Irish-domicilied UCIT (through IBKR)
I seem to have two choices:
1. Close out all my ETF positions on Charles Schwarb (no commisions), transfer all the cash into IBKR and restart my portfolio
2. Use ACATS to transfer all my current positions/cash from CS to IBKR, close out all the ETFs in IBKR (and incur commision), and restart portfolio with UCITs
I favour option 1 to save on fees.
Are there alternative solutions?
Statistics: Posted by bowwow — Sun Aug 11, 2024 10:43 pm — Replies 0 — Views 147