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Avoiding the close company surcharge legally

19-10-2016 01:19PM

#1

digzy

Registered Users, Registered Users 2 Posts: 3,051 ✭✭✭

Join Date: February 2010

Posts: 2667

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

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Comments

#2 19-10-2016 03:57PM

Lockedout2

Registered Users, Registered Users 2 Posts: 401 ✭✭

Join Date: March 2016

Posts: 400

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.

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