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Posted Thu, 31 Aug 2023 14:17:00 GMT by
Hi, I have a question about shares. I'm a UK citizen living and working in Ireland. I have shares in an American company that I wish to sell. What are the implications on transferring to my UK bank account instead of my Irish bank account?
Posted Tue, 05 Sep 2023 11:43:08 GMT by HMRC Admin 32 Response
Hi,

As you are resident in Ireland and you receive non UK dividends, you will not be taxable on those dividends in the UK, even if you transfer the dividend to a UK bank account. As for declaring the dividends in Ireland, you would need to contact the Irish tax and customs authority, as you will most likely be liable to pay tax on the dividens there, regardless of where the bank account is that you send the divident to.

Thank you.

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