Startup Refunds for Entrepreneurs (SURE)

Startup Refunds for Entrepreneurs (SURE) is a tax relief incentive scheme.

If you are interested in starting your own company, you may be entitled to an income tax refund of up to 40% of the capital that you invest under SURE. Depending on the size of your investment you may be entitled to a refund of income tax paid over the 6 years prior to year in which you invest.

Conditions

• Set up a new company carrying on a qualifying trading activity
• Have mainly PAYE income in the previous 4 years. This would include a person currently in PAYE type employment, an unemployed person, a person recently made redundant or a retired person;
• Take up full-time employment in the new company either as a Director or an Employee;
• Invest cash into the new company by way of purchase of new shares.

Subject to additional qualifying conditions.

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