Cork Investors warned about estate tax on US shares

9th June 2015

With the US Dow Jones Industrial average up 80% and the S&P up 95% over the last five years, you may well be sitting on healthy profits if you’ve invested some of your personal or pension assets in US assets. But what happens if you die? Will your spouse be able to benefit from the gains you have so carefully crafted? Apparently not, is the answer, at least not without some careful tax and investment planning.

These were just some of the nuggets a group of accountants and tax advisors were told at a private breakfast briefing organised by GillenMarkets.com where Brian Purcell of Purcell McQuillan (tax advisors) also spoke. This was the second briefing given by GillenMarkets to its Cork subscribers in four months and the feedback on the event was excellent.

GillenMarkets provides three main services, the first of which is an online investment newsletter targeted at people who are happy to do their own investing. The second is a one-day investment training seminar, which shows you how to develop and implement an investment strategy. Finally, for people who are too busy to manage their own investments, the company also offers asset management services.

More details on www.gillenmarkets.com.

Pictured: (Left) Mark Power - Investment Advisor GillenMarkets (Centre) Rory Gillen – Founder of GillenMarkets (Right) and Brian Purcell - Founding Director of Purcell McQuillan Tax Partners and President of CPA Ireland.

Return to the Archive News section