WicklowGael
Registered User
- Messages
- 10
Hi,
Just wondering about the close company surcharge
Is this charged on the net profit after all deductions if not distributed after 18 months
So if the gross rental income is 10,000
less 5,000 mortgage interest
less 1,000 maintenance
Profit of 4,000 which is taxed at 25% leaving 3,000
Is this 3,000 then taxed at 20% leaving 2,400 in the company
Just wondering about the close company surcharge
Is this charged on the net profit after all deductions if not distributed after 18 months
So if the gross rental income is 10,000
less 5,000 mortgage interest
less 1,000 maintenance
Profit of 4,000 which is taxed at 25% leaving 3,000
Is this 3,000 then taxed at 20% leaving 2,400 in the company