Tax Credits & Reliefs >> Seed Capital Relief Scheme

Tags: tax refunds, tax deductions, investment tax relief

This is a sister of the BES scheme. Tax relief is available for individuals starting up their own company. Tax relief can be claimed against the previous six tax years for qualifying investments. The rules and regulations governing this relief are complex and depend on the individual investor meeting various requirements and also on the type of activity to be carried on by the company.
From 2007 on tax relief can be claimed on sums up to €600,000 invested in a qualifying start up company against tax liabilities of the individual investor for the previous six tax years. The maximum annual claim is €100,000. 

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