If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Offset Non Trading income against losses

thomasm · 2013-11-20 11:05:12

Hi There, Looking for advice. If I do a corporate investment and I'm liable to corporation tax at 25% on any gain as it's non trading income can I offset this against any capital losses or is there a restriction because I'm not paying the full 33% CGT.

20-11-2013 11:05AM

#1

thomasm

Registered Users, Registered Users 2 Posts: 1,503 ✭✭✭

Join Date: January 2010

Posts: 1383

Hi There, Looking for advice. If I do a corporate investment and I'm liable to corporation tax at 25% on any gain as it's non trading income can I offset this against any capital losses or is there a restriction because I'm not paying the full 33% CGT.

0

Comments

#2 20-11-2013 03:05PM

nompere

Registered Users, Registered Users 2 Posts: 1,678 ✭✭✭

Join Date: December 2006

Posts: 1647

thomasm wrote: »

Hi There, Looking for advice. If I do a corporate investment and I'm liable to corporation tax at 25% on any gain as it's non trading income can I offset this against any capital losses or is there a restriction because I'm not paying the full 33% CGT.

These are questions to ask your accountant. Make sure he tells you about the surcharge that applies to companies with non-trading income.

0