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