Extra Statutory Concession C16 - Practical Issues | AccountingWEB

Extra Statutory Concession C16 - Practical Issues

A client of ours has sold the goodwill and assets out of the company and we have confirmation from the Revenue that the final dividend from the company can be treated as a capital distribution in accordance with ESC C16. The question relates to practical issues.
-Presumably a standard dividend voucher is issued showing the net dividend and the tax credit?
-Is it correct that the capital gain computation is based on the actual net dividend received?
-Presumably the tax credit is just ignored in the calculations in these circumstances?
sharon clipperton

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No dividend voucher

awiddowson |