hiriskpaul wrote:Edit: it is advantageous to buy US listed ETFs if you are able as you get a 15% tax credit on the dividends because of US withholding tax. You can use this to reduce your UK income tax liability on those dividends. This tax credit is unavailable if you by an EU listed UCITS ETF. The ETF still suffers the 15% dividend withholding tax, but you don't get a tax credit.
Interesting... because a lot of ETFs you see available to buy on UK platforms turn out to be Irish-domiciled. I just googled on this and was somewhat shocked to find that as a UK taxpayer not only do you get 15% sliced off at source ... but you then have to pay UK dividend tax on the 85% that you do receive. According to this, at least:
https://www.investorschronicle.co.uk/20 ... ticle.html... very few of my holdings are generating much in the way of dividends as it happens but I'm glad you drew attention to this. By the way, do you know whether fund-funds (as opposed to ETFs) have the same tax treatment if domiciled in Ireland? Also, is there any significance to the fact that you said "UCITS ETF"? What's the situation with a non-UCITS ETF (if such a thing exists, which I think it does)?