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CT COMP WEEK 2 - Coggle Diagram

- - - - CASE I/II
        
        TRADE/PROFESSIONAL
        
        TAX ADJUSTED PROFIT
        
        ADD BACKS
        
        EXPENSES ALLOWABLE FOR TAX PURPOSES :question:
        
        TRADE RELATED
        
        TAX PURPOSES
        
        PENALTY
        
        FINE
        
        DEPRECIATION
        
        DEDUCTIONS
        
        :no_entry: TRADING INCOME
        
        :red_cross: OTHER INCOME SOURCES
        
        :red_cross: FOREIGN INCOME
        
        :red_cross: RENTAL INCOME
        
        :red_cross: DEPOSIT INTEREST INCOME
        
        TAX SPECIFIC ALLOWED/GRANTED
        
        LEASE REPAYMENTS
        
        Profit before tax
      - CASE IV
        
        Taxed Irish interest income
        
        Miscellaneous
      - CASE V
        
        RENTAL income from IRISH property
        
        RECEIVED/RECEIVABLE BASIS
        
        :warning: Whatever is AGREED, :red_cross: whether received or not
        
        ALLOWABLE EXPENSES
        
        PRIOR TO First Letting - Limited
        
        :check: ADVERTISING
        
        :check: RENTAL AGREEMENT
        
        :check: INTERIM
        
        COMMERICAL
        
        :check: LOAN INTEREST
        
        RESIDENTIAL
        
        :check: RTB Registered
      - CASE III
        
        ANY KIND OF FOREIGN INCOME
        
        UNTAXED Irish interest income, :red_cross: subject to DIRT
    - - FRANKED INVESTMENT INCOME
  - - - LESS COSTS + INCIDENTAL COSTS OF PURCHASING
      - 33%
      - PROCEEDS - INCIDENTAL COSTS OF SELLING
    - - CG * 33% / 12.5%
      - 12.5%
      - Effect - SAME AMOUNT of tax paid