Proprietary director for tax purposes

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wildgoose

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For Irish tax purposes, particularly pension contributions, does a proprietary director need to own 5% or 15% or 20% of a company's shares.

I have found a reference on revenue.ie that indicates 15% in general:

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But I have found multiple references to 5% in the context of pensions (my primary interest).

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http://www.finfacts.ie/fincentre/ppp1.htm




This revenue.ie document has a sidebar on page 7 that indicates 20% is the cut off for being a proprietary director:

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Apart from pension contributoins, are there any other benefits of being a proprietary director?
 
I've just being doing some research in relation to the PAYE Tax credit and can accross this on the revenue web site:-
A Proprietary Director is the companies beneficial owner or director who controls directly/indirectly more than 15% of the company's ordinary share capital.


A point to remember, as a Proprietary Director you are not entitled to the PAYE Tax Credit.

The reference to 5% is in relation to self - Administered pension schemes, a whole different ball game.

Hope this helps !!!
 
Macer said:
The reference to 5% is in relation to self - Administered pension schemes, a whole different ball game.

Hope this helps !!!
Click to expand...


Page 7 of this document "New Pension Options
For the Self-Employed and Directors of Family Companies"

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Contains this definition

Proprietary Director
For pension fund options, a Proprietary Director is one who
controls more than 20% of the voting rights in a company
or in a company's parent company. Shares which are held
by the director's spouse or minor children are taken into
account. Shares held by trustees of a settlement to which
the director or the director’s spouse had transferred shares
are also included.
 
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