Start-up Capital Incentive (SCI) SCI is designed to assist start-up companies raise equity financing. It is a tax relief available to family members of existing shareholders. The conditions to avail of relief under SCI are: the company must be carrying on a brand new venture none of the shareholders can carry on a similar venture.…
Pre-Trading Expenses Pre-trading expenses are expenses incurred before your new business or trade actually starts to trade Examples of pre-trading expenses are: a) accountancy fees, b) advertising costs, c) costs of feasibility studies, d) costs of preparing business plans, and e) rent paid for the premises from which the trade or profession operates. A deduction…
Start your own business relief If you are long-term unemployed, you may be able to claim tax relief to start your own business. To qualify, you must have been unemployed for at least 12 months before you start the business. The Start your own Business Relief allows you to claim an Income Tax (IT) relief of up…
