M mcriot29 Registered User Messages 143 25 Oct 2013 #1 Can anyone tell me what the tax rate is for interest from investing in smes Is it dirt , CGT or income Im thinking dirt
Can anyone tell me what the tax rate is for interest from investing in smes Is it dirt , CGT or income Im thinking dirt
J Joe_90 Registered User Messages 2,222 25 Oct 2013 #2 It's Case III so it's subject to income tax at your marginal rate, DIRT is for Deposit Interest from a financial institution.
It's Case III so it's subject to income tax at your marginal rate, DIRT is for Deposit Interest from a financial institution.
M mcriot29 Registered User Messages 143 25 Oct 2013 #3 Ok so income tax at 20% plus 4% prsi and would i pay usc too
J Joe_90 Registered User Messages 2,222 25 Oct 2013 #4 If you are giving loans out to SMEs I assume that you are a chargeable person so your top rate of tax, PRSI and USC.
If you are giving loans out to SMEs I assume that you are a chargeable person so your top rate of tax, PRSI and USC.
M mandelbrot Registered User Messages 2,330 25 Oct 2013 #5 What do you mean by interest from investing in SMEs - what have you invested, loan capital, or equity? Actually, in either case the answer is as already said, marginal income tax rate +PRSI + USC...
What do you mean by interest from investing in SMEs - what have you invested, loan capital, or equity? Actually, in either case the answer is as already said, marginal income tax rate +PRSI + USC...