Cross-border findings
The Cross-Border tab turns the client's holdings and tax profile into findings. Each one states its figures, its source, how confident the figure is and what it does not cover.
Reading a finding
Every finding carries two labels.
| Severity | Meaning |
|---|---|
| Observation | A structural fact worth knowing. |
| Needs attention | Something to discuss with the client, such as a large share in one domicile or a planned move that lowers income kept. |
| Exposure | A threshold or risk the client is over or near. |
| Confidence | Meaning |
|---|---|
| Modelled | Computed by an engine from stored rate tables. |
| Estimated | Computed, but on assumptions the finding lists. |
| Indicative | A structural observation rather than a figure. |
| Not modelled | The situation is outside what the engines cover; the finding says why. |
Open Assumptions, source and limitations under any finding to see what it rests on. A bar at the top of the tab names the residence, citizenship and rates the findings were built on.
The findings
- Fund domicile exposure
- The share of the priced portfolio by fund domicile, from the ISIN. Marked for attention when half or more is in US-domiciled instruments.
- Currency exposure
- The share held outside the client's base currency, by trading currency.
- US dividend withholding
- Expected US-source dividends for the year from trailing distributions, what is withheld at the residence's treaty rate (the statutory 30% without a W-8BEN), the blended rate, and how much would be avoidable with the best available domicile.
- US-situs estate exposure
- The client's US-situs holdings in USD against the USD 60,000 non-resident estate-tax threshold, consolidated across accounts, because two accounts each under it can be over it together.
- Irish UCITS counterparts
- For US funds with a catalogued Irish UCITS counterpart, expense ratios and withholding side by side, and the net annual effect after the capital-gains and trading costs of a switch. A structural comparison, not a recommendation to switch.
- Tax at home
- The residence's own tax on dividends, using the client's rate where you set one, and whether a credit for tax withheld abroad is applied.
- Planned relocation
- When the profile has a planned destination, the change in dividend income kept after a move. See Relocation planning.
- US person
- For a US person, one finding explaining why the non-resident screens are omitted.
Supported residences
US withholding rates come from a stored table built from the IRS tax-treaty tables, covering every country with a US income-tax treaty in force and common no-treaty jurisdictions at the statutory rate. A residence outside the table is named as unsupported, and figures fall back to statutory rates and are marked as such. Default home rates on dividends and capital gains come from a separate table of residence defaults; countries taxed on a progressive scale have no single default, and the screen says so rather than inventing one.
What is not modelled
- Only US-source dividend withholding is modelled; distributions from other source countries are not.
- US-person taxation (worldwide income, PFIC rules, FATCA) is not modelled.
- Estate-tax treaties are not applied.
- Capital-gains treatment on arrival in or departure from a residence is outside the screen.
Findings are screening figures for a professional conversation. They are not tax, legal or investment advice.
Last updated . Describes the product as built; figures are screening estimates, not tax, legal or investment advice.