Advertisement
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
Help Keep Boards Alive. Support us by going ad free today. See here: https://subscriptions.boards.ie/.
If we do not hit our goal we will be forced to close the site.

Current status: https://keepboardsalive.com/

Annual subs are best for most impact. If you are still undecided on going Ad Free - you can also donate using the Paypal Donate option. All contribution helps. Thank you.
https://www.boards.ie/group/1878-subscribers-forum

Private Group for paid up members of Boards.ie. Join the club.

Avoiding the close company surcharge legally

  • 19-10-2016 01:19PM
    #1
    Registered Users, Registered Users 2 Posts: 3,051 ✭✭✭


    Just wondering is there a legal/revenue compliant way to avoid the close company surcharge which effectively works out at 20% corporation tax?


Comments

  • Registered Users, Registered Users 2 Posts: 401 ✭✭Lockedout2


    Yes.

    And it's 15% Corporation Tax.

    A Don't have investment income in a close company.
    B don't have more than €2,000 of investment income in a close company.
    C have more trading losses than investment income in a close company.
    D don't have a close company.


Advertisement