As far as I am aware, there are no tax implications from the Luxembourg/Ireland/Ireland perspective from selling 6 figures of VWRD/AGGG. I'm basing this on that I'm presently drawing down my VWRD/AGGG and for sure IBKR/Ireland/US are not taking anything away in taxes from the sale. My resident country, like Thailand, does not tax global income nor global capital gains so there is no tax there.
I don't know of any country that will tax an incoming cash transfer from another country (Luxembourg) to the new home country (New Zealand) because that would be a stupid disincentive to bring capital into a country so I think you'd be okay there.
You might need to look at whether you need to sell your ETFs either before moving to NZ or in the tax year before moving to NZ, in case NZ has some capital gains rules that could bite - you'll need some local tax advice on that. (E.g. if moving to UK, you'd want to sell ahead of time)
My guess is that the most worrisome thing that will happen is your receiving New Zealand bank will ask some KYC questions about the source of your global wealth if you try to transfer in a 6 figure some, which would be pretty easy to answer based on your global investments.
I don't know of any country that will tax an incoming cash transfer from another country (Luxembourg) to the new home country (New Zealand) because that would be a stupid disincentive to bring capital into a country so I think you'd be okay there.
You might need to look at whether you need to sell your ETFs either before moving to NZ or in the tax year before moving to NZ, in case NZ has some capital gains rules that could bite - you'll need some local tax advice on that. (E.g. if moving to UK, you'd want to sell ahead of time)
My guess is that the most worrisome thing that will happen is your receiving New Zealand bank will ask some KYC questions about the source of your global wealth if you try to transfer in a 6 figure some, which would be pretty easy to answer based on your global investments.
Statistics: Posted by glorat — Tue Jul 09, 2024 5:04 am