Revenue Note for Guidance

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Revenue Note for Guidance

CHAPTER 7

Franked Investment Income

Overview

Chapter 7 provides for the tax treatment of distributions made and received by Irish resident companies.

156 Franked investment income and franked payments

Summary

This section defines franked investment income and franked payments. Franked investment income consists of the amount or value of a distribution which is received by an Irish resident company from another resident company.

When an Irish resident company makes a distribution, the amount or value of the distribution is known as a franked payment.

Details

  • (1) Franked investment income is income of a company resident in the State arising from distributions received from other resident companies. It is the amount or value of the distribution.
  • (2) A franked payment arises when a resident company makes a distribution. It is the amount or value of the distribution.

Relevant Date: Finance Act 2021