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Accounts board - Oliver Niland Chartered Accountant & Tax Specialist Galway Ireland

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

Tax relief for start up’s

Tax relief for start up’s

Start-Up Relief 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 starting your own business and you are:

  1. an employee
  2. an unemployed person
  3. a person who has recently been made redundant.

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 shares
  5. keep the purchased shares for at least four years.

Subject to qualifying specific conditions that the individual and the company must meet in order to qualify for this relief.

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

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