Trade charges

Heisenburg81

Hi folks,

please see example 3 in the below;

www.revenue.ie/en/about/foi/s16/income-tax-capital-gains-tax...tax/.../08-02-02.pdf

How is the taxpayer getting relief for the €700 element of the trade charge? There is no 40% income to reduce by €700 to the 20% band to get the relief. Surely the taxpayer is being penalised here as without the tax on the trade charge of €700 they have no tax payable?

I understand the concept of the relief on the €300 through section 382.

CIARAN_BOYLE

Heisenburg81 wrote: »

Hi folks,

please see example 3 in the below;

www.revenue.ie/en/about/foi/s16/income-tax-capital-gains-tax...tax/.../08-02-02.pdf

How is the taxpayer getting relief for the €700 element of the trade charge? There is no 40% income to reduce by €700 to the 20% band to get the relief. Surely the taxpayer is being penalised here as without the tax on the trade charge of €700 they have no tax payable?

I understand the concept of the relief on the €300 through section 382.

Please be careful when posting links. That one is not use able.

Heisenburg81

CIARAN_BOYLE wrote: »

Please be careful when posting links. That one is not use able.

revenue commissioners income tax trade charges

Google the above on google.ie and it is the first page on the list - "Part 08-02-02"

barneystinson

Heisenburg81 wrote: »

revenue commissioners income tax trade charges

Google the above on google.ie and it is the first page on the list - "Part 08-02-02"

What's that got to do with anything, the link you posted doesn't work.

Heisenburg81

barneystinson wrote: »

What's that got to do with anything, the link you posted doesn't work.

Im aware the link does not work. What's with the snotty attitude?

barneystinson

Heisenburg81 wrote: »

Im aware the link does not work. What's with the snotty attitude?

Well I didn't mean to be snotty; I'd just have thought that if you want other people to help you with your study / homework, you'd post links that work rather than asking people to do google searches to find the material you want help with!

Heisenburg81

barneystinson wrote: »

Well I didn't mean to be snotty; I'd just have thought that if you want other people to help you with your study / homework, you'd post links that work rather than asking people to do google searches to find the material you want help with!

Have tried. Also tried screenshot but it wont let me paste here.

barneystinson

Heisenburg81 wrote: »

Have tried. Also tried screenshot but it wont let me paste here.

http://www.revenue.ie/en/about/foi/s16/income-tax-capital-gains-tax-corporation-tax/part-08/08-02-02.pdf