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

Startup refunds for entrepreneurs

Startup refunds for entrepreneurs

Startup refunds for entrepreneurs (SURE)

SURE is a tax relief that provides a refund of income tax that you paid in previous years.

You can claim the relief if you are an employee, an unemployed person or a person who has recently been made redundant and are starting your own business.

The general conditions for SURE are that you must:

  1. establish a new company carrying on a new qualifying trading activity
  2. have mainly Pay As You Earn (PAYE) income in the previous four years
  3. take up full-time employment in the new company as a director or an employee
  4. invest cash in the new company by purchasing new ordinary shares
  5. keep the purchased shares for at least four years.

Subject to qualifying conditions

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

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