Section 20 Schedule F
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(1) The Schedule referred to as Schedule F is as follows:
SCHEDULE F
1. In this Schedule, "distribution" has the meaning assigned to it by Chapter 2 of Part 6 and [sections 436 and 437 and subsection (2)(b) of section 816]1.
2. Income tax under this Schedule shall be chargeable for any year of assessment in respect of all dividends and other distributions in that year of a company resident in the State which are not specially excluded from income tax, and for the purposes of income tax all such distributions shall be regarded as income however they are to be dealt with in the hands of the recipient.
3. ...2
Amendments
1 Substituted by Finance Act 1998 section 43(1)(c) as respects shares issued by a company on or after 3 December 1997.
2 Para 3 repealed by Finance Act 2000 section 69(2) and Schedule 2 Part 2 in the case of income tax as on and from 6 April 1999, and in the case of corporation tax as respects accounting periods commencing on or after 6 April 1999.
When am I caught for Schedule F tax?
(1) A distribution you receive from an Irish resident company is taxed under Schedule F. Distribution is widely defined to include not only dividends but also any method by which a company's profits are paid to its shareholders (section 130)....
(2) No distribution chargeable under Schedule F shall be chargeable under any other provision of the Income Tax Acts.
