1) What are the tax implications of investing company funds from my ITC? Are any capital gains eligible for the ITC tax rebate I normally receive on dividends from the company? Would I be better off declaring an interim dividend and investing the funds in my own name?

International Trading Companies are supposed to be trading. This means that income from investments is not considered as trading income and therefore would not benefit for the tax rebates under the ITC regime

Once discovered by the Revenue that the company also has income from investments, this may also result in the withdrawal of the ITC status of the company, and hence even your trading income will lose the current tax benefits.

We therefore strongly suggest against such an action.

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