Schedules Flashcards

1
Q

What are the three letters for the tax schedules

A

D
E
F

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2
Q

How many cases are there for schedule D

A

5

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3
Q

What type of income comes under schedule D case I

A

Income from trading
Income from those who are self employed but not professional

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4
Q

What type of income comes under schedule D case II

A

Income from those who are self employed in professional services eg accountants, lawyers, doctors

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5
Q

What type of income comes under schedule D case III

A

Interest received
Foreign income

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6
Q

What type of income comes under schedule D case IV

A

catch all case

interest subject to DIRT

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7
Q

What type of income comes under schedule D case V

A

Irish rental income

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8
Q

In which case does foreign rental income come under

A

Schedule D case III

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9
Q

What type of income comes under schedule E

A

Employment income
(salary, company benefits, compensation in the event of job loss)

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10
Q

What type of income comes under schedule F

A

Irish dividend income

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11
Q

Where does foreign dividend income come under

A

Schedule D case III

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12
Q

what is the standard rate of tax

A

20%

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13
Q

what is the marginal rate of tax

A

40%

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14
Q

What sort of income is exempt from tax

A

artist income
forestry/woodlands
lottery winnings

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