Tax on rental property

[mccoypat94]

I am owner of a small limited company. Recently the company has rented out a warehouse which we no longer need to another business.
The premises is owned by the company and the tenant is paying his rent, €1000 per month no vat to the company.
What are the tax implications for the company here, how do I file and does the company have a 40% liability?

 

[Gordon Gekko]

The net rental income is calculated by taking the appropriate deductions. Then the company pays 25% tax on that. Then if the company doesn’t distribute the other 75% to you within 18 months of its year end, a surcharge of circa 15% is likely to arise.