Taxation 3 (ROI) 2022-2023.

Format:

Book

Author/Creator:

Ireland, Chartered Accountants.

Language:

English

Subjects (All):

Income tax--Ireland.

Income tax.

Corporations--Taxation.

Corporations.

Physical Description:

1 online resource (348 pages)

Edition:

1st ed.

Place of Publication:

Dublin : Chartered Accountants Ireland, 2022.

Summary:

Taxation 3 (RoI) 2022-2023 is the textbook for Chartered Accountants Ireland FAE Advanced Taxation course.

Contents:

FAE Taxation 3 (RoI) 2022-2023

Publisher's Information

Contents

Chapter 1: Trading as a Sole Trader

1.1 Life Cycle of a Business

1.2 What is a "Trade"?

1.3 When does the Trade Commence?

1.4 Commencement Rules: Basis of Assessment for Income Tax Purposes

1.5 Pre-trading Expenditure

1.6 Arriving at the Tax-adjusted Profit or Loss of the Trade

1.7 Case I Loss Relief for an Ongoing Sole Trade Business

1.8 Cessation of a Sole Trade

1.9 Compliance Obligations of a Sole Trader

Chapter 1 Summary

Questions

Chapter 2: The Incorporation Decision and Tax Relief for Funding a New Company

2.1 Advantages and Disadvantages of Operating as a Sole Trader

2.2 Incorporation of a Company: Critical Issues

2.3 The Decision to Incorporate a Business

2.4 Transfer of a Sole Trade Business to a Company

2.5 Funding the New Company

Chapter 2 Summary

Chapter 3: Tax Considerations for Trading and Investment Companies

3.1 Rates of Corporation Tax

3.2 Tax Relief for Start-up Companies

3.3 Overview of Trading Loss Relief for a Company

3.4 Close Company Provisions

3.5 Professional Service Companies

3.6 Investment Companies

3.7 Research and Development (R&amp

D) Tax Credit

3.8 Knowledge Development Box

3.9 Relief for Specified Intangible Assets

Chapter 3 Summary

Chapter 4: Cash and Wealth Extraction from a Company

4.1 Emoluments

4.2 Pensions

4.3 Loans to Directors/Shareholders

4.4 Distributions

4.5 Company Buy-back of Shares

4.6 Liquidation/Winding Up of a Company

Chapter 4 Summary

Chapter 5: Corporate Groups

5.1 Reasons for a Group Structure

5.2 Corporation Tax Group: Key Tax Issues

5.3 Group Payment Relief: Obligation to Withhold Income Tax

5.4 Corporation Tax Group: Loss Relief

5.5 Consortium Relief.

5.6 Capital Gains Tax Group

5.7 Stamp Duty: Associated Companies Relief

5.8 Disposal of a Subsidiary (Section 626B TCA 1997)

5.9 Benefits of a Holding Company Structure

Chapter 5 Summary

Chapter 6: Acquisition and Disposal of a Business

6.1 Types of Acquisition and Disposal

6.2 Share Sale/Purchase

6.3 Sale/Purchase of a Trade and/or Assets

Chapter 6 Summary

Chapter 7: Company Reorganisations

7.1 Reorganisation of Share Capital within the Company

7.2 Reorganisations Involving a Change of Ownership

7.3 Company Reorganisations without a Change of Ownership

7.4 Capital Losses and Debt Write Off

7.5 Deemed Conveyance on Sale

Chapter 7 Summary

Chapter 8: Capital Tax Valuations

8.1 Introduction

8.2 Valuation of an Asset for CGT Purposes

8.3 CAT Valuation Rules

8.4 Stamp Duty

8.5 Close Company Transferring Assets at Undervalue

Chapter 8 Summary

Chapter 9: Capital Tax Reliefs and Planning Tools

9.1 Introduction

9.2 Entrepreneur Relief

9.3 CGT Retirement Relief

9.4 CAT Business Relief and Agricultural Relief

9.5 Young Trained Farmer Relief

9.6 Stamp Duty Issues on the Transfer of a Family Business

9.7 CGT/CAT Offset

9.8 Other Useful Capital Tax Reliefs and Exemptions

Chapter 9 Summary

Chapter 10: Impact of Estate Law on Tax Issues

10.1 Introduction to Estate Law

10.2 Succession Act Rights

10.3 Property Held in Joint Names

10.4 Disclaimers of Benefits

Chapter 10 Summary

Chapter 11: Trust and Estate Planning

11.1 Introduction to Trusts

11.2 Types of Trust

11.3 Taxation of Trusts

11.4 Creation of a Trust

11.5 Dealing with the Capital and Income of the Trust

11.6 Appointment of Trust Assets or Funds to Beneficiaries.

11.7 Tax and Estate Planning Using Trusts

Chapter 11 Summary

Chapter 12: Territorial Provisions for Direct Taxes

12.1 Introduction

12.2 Territorial Provisions for Income Tax

12.3 Territorial Provisions for CGT - Individuals

12.4 Territorial Provisions for Corporation Tax

12.5 Tax Clearance and Withholding Tax Obligations

12.6 Capital Acquisitions Tax

12.7 Stamp Duty

Chapter 12 Summary

Chapter 13: International Tax Issues

13.1 Double Tax and Relief of Double Tax

13.2 The OECD Model Tax Treaty

13.3 The Ireland/UK Tax Treaty: Some Key Aspects

13.4 Taxation of Foreign Income for Irish Resident Individuals and Companies

13.5 Ireland's Incentives as a Location of Choice for Corporates

13.6 Ireland and Global Tax Reform

Chapter 13 Summary

Appendix 13.1: OECD Member Countries

Chapter 14: General VAT Issues

14.1 The Charge to VAT and Some Basic Terms

14.2 The Conditions for an Irish VAT Charge to Arise

14.3 Accounting for VAT

14.4 VAT Recovery and Non-deductible Expenses

14.5 Group Registration for VAT Purposes

14.6 Transfer of Business Relief

14.7 VAT Implications of Liquidations

14.8 Place of Supply Rules

14.9 VAT on International Transactions

14.10 VAT Under the Protocol on Ireland/Northern Ireland

14.11 Requirement to Retain Records

14.12 Inspection of Records

14.13 Expression of Doubt

14.14 Compliance Matters

Chapter 14 Summary

Chapter 15: VAT and Property

15.1 Introduction

15.2 Post-1 July 2008 Rules: Current Rules

15.3 Transitional Measures

15.4 The Capital Goods Scheme: Main Provisions

Chapter 15 Summary

Chapter 16: Revenue Compliance Interventions and Revenue's Powers

16.1 Introduction

16.2 Compliance Interventions and Chargeable Persons.

16.3 Revenue Compliance Interventions

16.4 Disclosures and Penalties

16.5 Self-correction, No Loss of Revenue and Inability to Pay

16.6 Revenue Powers

16.7 Revenue Powers and the Professional Advisor

16.8 General Tax Avoidance Provisions

Chapter 16 Summary

Appendix 1: Summary of TaxPlanning and Other Issues

Appendix 2: Taxation Reference Material for Tax Year 2022

Suggested Solutionsto Review Questions.

Notes:

Description based on publisher supplied metadata and other sources.

Part of the metadata in this record was created by AI, based on the text of the resource.

Other Format:

Print version: Ireland, Chartered Accountants Taxation 3 (ROI) 2022-2023

ISBN:

9781913975401

OCLC:

1369643136