Income Tax (Ireland)
Understand how Ireland’s income tax Schedules and Cases apply to different sources of income, including trading and professional income, employment, benefits in kind, rental income, interest and dividends.
£150 +VAT
Income Tax (Ireland)
£150 +VAT
365 days’ access
This course will enable you to
- Summarise the different Irish income tax Schedules and Cases and identify the types of income they cover
- Apply the correct tax treatment to trading and professional income under Schedule D Cases I and II
- Explain the taxation of employment income and benefits in kind under Schedule E
- Calculate taxable rental income and advise on allowable expenses, capital allowances and losses under Schedule D Case V
- Apply the appropriate tax treatment to other income, including short-term accommodation, deposit interest and dividends or distributions
About the course
Ireland’s income tax system applies different Schedules and Cases to different sources of income, each with its own rules for calculating taxable income, deductions and reliefs. Understanding where income belongs and how the relevant rules apply is essential when calculating tax liabilities and advising clients.
This course takes you through the taxation of trading and professional income, employment income and benefits in kind, and rental income under the relevant Schedules and Cases. You’ll also explore the treatment of other income, including short-term accommodation, deposit interest, foreign income and dividends or distributions.
You’ll come away with a stronger understanding of how to classify different sources of income, calculate taxable amounts and apply the appropriate deductions and allowances. Build the confidence to apply Ireland’s income tax rules correctly across a broad range of common client circumstances.
Contents
Trading and professional income
Trading activity
Trading vs non-trading activity
Schedule D Case I/II
Allowable deductions
Capital allowances system
Capital allowances
Basis periods for capital allowances
A couple more allowances
Basis of assessment
Losses
PRSI and USC
Employment income
Schedule E
Employment vs self-employment
Employment status
Allowable deductions
The BIK regime
Benefits in kind
Vans
Other employer-owned assets
Other considerations
Rental income
Rental income overview
Rental income computation
Schedule D Case V
Allowable deductions
Recent property tax changes
Other considerations
Other rental income
All other income
Other income sources
Schedule D Case III
Schedule D Case IV
Income from short-term accommodation
Schedule F
Practical implications
Author
David FitzGerald
David FitzGerald, MBS, CTA was Director International with CPA Ireland until 2019 and had over 15 years’ experience with the Institute. He is a Chartered Tax Adviser, and currently lectures in Tax and Business Management. He is also a Tax examiner for a professional accountancy qualification.
18 reviews for Income Tax (Ireland)
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Lindsey Nolan –
Very interesting and detailed.
Tracy Downey –
I really liked this summary of Income Tax as a refresher. There is a summary at the end that you can download. I will definitely use this in my work. It’s just a pity the examples shown on the course are not on the summary at the end. I would’ve liked the examples on the summary also.
Michael Moran –
Excellent content
anne Marshall –
excellent course. Summaries the Irish Tax System completely, accurately and detailed
Ulrike Niederle –
Very well structured, great examples, good explanations, just the right amount of details
Thomas Fitzgerald –
Very detailed and informative
Catherine Healy McCarthy –
Excellent
Maureen O`Toole –
Brilliant course to go over all the basic rules
Maria Persson-O’Connor –
Great refresher of the various schedules. Very comprehensive
kieran McCann –
lots of learning as i went through the various modules in the course. will need to review certain elements of the course again.
Suzanne Duffy –
Really good notes
Pat Canty –
The course was very informative and well presented.
Maeve Rock –
Good concise course – perfect for a refresher
Paul McConvey –
excellent course a really good round upof the various taxing schedules and importance of correctly categorising the income to ensue the correct expenses deduction regime is applied, together with the correct looses regime and credits claimable when computing any tax liability
Katie Wallace –
met my objectives covered all income tax questions I had
Grainne Heneghan –
I learned facts that I had forgotten about since I studied these modules in college
Catherine Russell –
2023 BIK on Electric cars is different to course content
Patrick Fitzpatrick –
i WORK IN Practice and carry out Form 11 income tax returns each year for many clients with all varying different sources of income. This course covered all areas which i come across on a contiuous basis