Web2 Jun 2024 · Tax and Duty Manual Part 13-02-05 which deals with the close company surcharge under section 440 TCA 1997, has been updated. The Manual explains that … Web432. — (1) For the purposes of this Part, a company shall be treated as another company's associated company at a particular time if, at that time or at any time within one year …

No 39 of 1997, Section 441, Revenue Note for Guidance

WebSection 879 TCA 1997 provides that the amount of profits or gains to be included in a return of income are the profits computed in accordance with the Income Tax Acts. Where under section 65 the profits of a year ending on a date within the year of assessment are to be taken as the profits of a year of assessment, the profits to be included in the return are the … Web[6.7.1] Franked Investment Income [Section 156 TCA 1997] Background A distribution received from a company resident in the State is income for the purposes of income tax. Where a distribution goes to an individual ... imposed by Section 440 TCA 1997, Section 434(3A) TCA allows a close company paying a dividend and its close company recipient … rdc half marathon 2022

companies Surcharge on undistributed income of service - Revenue

Web(4) (a) Where, after a company has been assessed to tax under this section in respect of any loan or advance, the loan or advance or any part of it is repaid to the company, relief shall … Webby section 440 TCA 1997, section 434(3A) TCA allows a close company paying a dividend and its close company recipient to jointly elect that the dividend is not to be treated, for … Web(5) The provisions of subsections (2) to (7) of section 440 are applied to the surcharge under this section. (6) The provisions of section 434(2), (3), (3A), (6) and (7) regarding the distributions to be taken into account for the purpose of computing a surcharge are applied for the purposes of the section. The provisions of section 434(1), which defines the … rdc crsng