DublinGuy_
Registered User
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By PLC I presume you mean a private limited company?Hi
I also am interested in this
The question I have is can a PLC buy shares in the stock market using company funds, thereby receiving an income via dividends, and then processing those funds back through the PLC?
Company will pay tax on dividend income.
No 25% standard CT rate on unearned income + 20% investment income surcharge. Not quite 45% but approximating to it.Thanks for the feedback folks, 2 questions on your comments:
'Company will pay tax on dividend income', but isn't this at Corporate tax rate of 12.5%?
Don't forget the annual compliance costs of having a company along with the prospect of all sorts of fire and brimstone if you miss a CRO filing date.'Then you will pay income tax on income (and company might pay PRSI), or you'll pay CGT again on liquidation of the company if you decide that route to extract funds.' If I don't liquidate the company, and draw a modest salary in retirement annually, it will be a lower income tax rate than if I took the dividend now through income tax, yes?
We're not in the UK, but £4-6k plus VAT is mentioned here. You can shut an Irish company without assets or liabilities for a lot less than £600 but you won't get a liquidation for that price, or the colour of it.€10K liquidation??
I had a plc in the UK a few years ago, it was about £600 to close it down!
Ouch, can I at least assume the liquidation cost is tax deductible?
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