Irish Tax relief for Investors in Start-Up Companies Mooted

June 07, 2016 − by mgpartners − in News − Comments Off on Irish Tax relief for Investors in Start-Up Companies Mooted

The Minister for Jobs, Mary Mitchell-O’Connor, announced that the Government is looking at introducing a reduced 10% CGT rate for certain investments in start-up companies comparable to that available in the UK.  See Irish Independent Article

While the reduced rate is to be welcomed, the risk of significant anti-avoidance being introduced which could render it excessively difficult for investors in many micro businesses to avail of, remains a worry.  The draft legislation should hopefully be available towards the end of October assuming the legislation will be introduced in Finance Bill 2016.





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