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Tax relief on investing in companies

Tax relief on investing in companies

Employment and Investment Incentive (EII)

The EII is a tax relief which aims to encourage individuals to invest in shares in trading companies.

You can claim tax relief on your investment when certain conditions are met. The relief is split into two tranches:

  1. 30/40 on receipt of an EII 3 certificate in the year of investment
  2. 10/40 on receipt of an EII 3A in the fourth year after the initial investment.

Companies will issue ordinary shares to you for the amount you invest. You must hold those shares for at least four years.

Subject to qualifying conditions and criteria

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

 

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