When a company disposes of Irish immovable property, other than in the course of a property development trading activity, any gain made on the disposal will be subject to tax in Ireland. The tax rate that will be applied will be dependent on whether the property is/has been treated as a fixed asset or current asset by the company.
Taxation of Directors Fees
Irish legislation and High Court tax case law (Tipping v Jeancard) confirm that remuneration paid to individuals for carrying out their director duties are subject to income tax under Schedule E. Such income is within the scope of deduction at source of income tax under the Pay As You Earn (PAYE) system and deduction at source of the USC under the USC system.