Value Received
11/12/1987
Query
Does the provision of company cars for directors as part of the remuneration package, where the directors are assessable to tax under Schedule E in respect of the benefit, constitute value received from the company?
Decision
No, provided the level of benefit does not exceed the generally accepted levels.
Income Tax
Section 499, Taxes Consolidation Act, 1997
Origin: Direct Taxes International and Administration
File ref:2273/87
24/06/1996
Query
Would a payment of "hello money" which is not outside of the industry norm, be regarded as value received as provided for in this section?
Decision
No
Income Tax
Section 499, Taxes Consolidation Act, 1997
Origin: Direct Taxes International and Administration
File ref:6151/94
05/03/1997
Query
Would the issue of bonus shares be regarded as value received?
Decision
No, where the overall value of the individual shareholding is not increased.
Income Tax
Section 499, Taxes Consolidation Act, 1997
Origin: Direct Taxes International and Administration
File ref:6081/96