Hi, I need help with essay on Taxation Master. Paper must be at least 1000 words. Please, no plagiarized work!There would still be net tax outflow @ 7.5% (20% - 12.5%). In case if the individual incom

Hi, I need help with essay on Taxation Master. Paper must be at least 1000 words. Please, no plagiarized work!

There would still be net tax outflow @ 7.5% (20% - 12.5%). In case if the individual income attracts higher tax rate, then 40% income tax would be applicable thereby increasing the loss on account of net tax outflows to 27.5% (40% - 12.5%).

Thus I would buy the building in the name of X Ltd as the rate of tax is much lower for X Ltd than for me as an individual and I would have to pay high tax on account of income if form property if bought in my name.

AILO- http://www.ailo.org/downloads/Ireland.pdf web 20 December 2009

Revenue Irish Tax and Customs - http://www.revenue.ie/en/about/foi/s16/income-tax-capital-gains-tax-and-corporation-tax/part-02/ web 20 December 2