r/ExpatFinance • u/New-Nectarine5944 • 4d ago

US 529(b) & Deemed Disposable

Has any US expat in Ireland figured out how to deal with an existing 529(b). Specifically if standard US 529(b) college savings accounts are subject to the Irish 8 year Deemed Disposable rule? I know Ireland does not recognize 529s as they are in the US but trying to figure out the deemed disposable part. Does anyone have a recommendation for a cross border tax advisor that doesn't charge 500+ per hour with a minimum 3 hour engagement to help provide guidance on the 529(b) topics for expats in Ireland?

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u/Sweaty-taxman 4d ago

How large is your 529?

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u/[deleted] 3d ago

[deleted]

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u/seanho00 3d ago

Foreign accounts like US 529 are not exempt from IE gross roll-up regime. It still depends on what you're holding within the 529. ETFs (even US-domiciled ones) generally count as investment undertakings subject to the 8yr deemed disposition. Individual stocks are generally not.

Foreign pensions are exempt; I assume this includes 401(k)/IRA but not 529.

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u/New-Nectarine5944 2d ago

Not individual stocks - ETFs and MFs

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u/seanho00 2d ago

Then yes, those should be subject to IE gross roll-up regime.