Schedules Flashcards
What are the three letters for the tax schedules
D
E
F
How many cases are there for schedule D
5
What type of income comes under schedule D case I
Income from trading
Income from those who are self employed but not professional
What type of income comes under schedule D case II
Income from those who are self employed in professional services eg accountants, lawyers, doctors
What type of income comes under schedule D case III
Interest received
Foreign income
What type of income comes under schedule D case IV
catch all case
interest subject to DIRT
What type of income comes under schedule D case V
Irish rental income
In which case does foreign rental income come under
Schedule D case III
What type of income comes under schedule E
Employment income
(salary, company benefits, compensation in the event of job loss)
What type of income comes under schedule F
Irish dividend income
Where does foreign dividend income come under
Schedule D case III
what is the standard rate of tax
20%
what is the marginal rate of tax
40%
What sort of income is exempt from tax
artist income
forestry/woodlands
lottery winnings