Hi all
I'm a non-dom living in Ireland (so only pay tax on income brought to Ireland).
There's a good opportunity to buy into a stake in a US operating company (a C-Corp). It would be a big stake (ie more than 20%)
Does anyone know the best way to hold shares in a US Company?
My main concern is capitsl gains tax.
Im confused because if a non-resident alien sells shares in a US company on the NYSE or NASDAQ, it is not Effectively Connected Income in the US and there is no capital gains tax.
If I am a passive shareholder in a private US company though, it seems that it IS Effectively Connected Income.
Has anyone had any experience with this?
Thanks for any help!
I'm a non-dom living in Ireland (so only pay tax on income brought to Ireland).
There's a good opportunity to buy into a stake in a US operating company (a C-Corp). It would be a big stake (ie more than 20%)
Does anyone know the best way to hold shares in a US Company?
My main concern is capitsl gains tax.
Im confused because if a non-resident alien sells shares in a US company on the NYSE or NASDAQ, it is not Effectively Connected Income in the US and there is no capital gains tax.
If I am a passive shareholder in a private US company though, it seems that it IS Effectively Connected Income.
Has anyone had any experience with this?
Thanks for any help!
