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Tax Returns

Tax Returns - Oliver Niland Chartered Accountant & Tax Specialist - Galway Ireland

Start up/ New Business

Starting a new business - Start your own business - Oliver Niland Chartered Accountant  & Tax Specialist Galway Ireland

Start your own business relief

Start your own business relief

Start your own business relief

Start Your Own Business scheme provides for relief from Income Tax for unemployed individuals who start a new business.

The scheme will provide an exemption from Income Tax up to a maximum of €40,000 per annum for a period of two years to individuals who set up a qualifying business; having been unemployed for a period of at least 12 months prior to starting the business.

It runs to 31 December 2018.

The following conditions have to be met :

  • The business must be set up between 25 October 2013 and 31 December 2018 by a person that qualifies for the relief.
  • It must be a new business and not a business that is bought, inherited or otherwise acquired.
  • It must be unincorporated, that is, it must not be registered as a company.

Any queries on same give me  a call on 091 763817 or email me at oliver@taxreturnhelp.ie

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