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Compenation tax treatment

  • 17-03-2015 12:13pm
    #1
    Torres999
    Registered Users, Registered Users 2 Posts: 186 ✭✭


    if a company bought a building in 2007 for 350000. If in 2015 the property was destroyed but was insured. The insurance company paid us €400,000 for the fire. The value of the building is 800,000. The damage only came to €350,000 and the remaining amount is sitting in the company. What are the tax implications?


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