The employment + investment incentive scheme

The Employment Investment Incentive (EII) has replaced the Business Expansion Scheme and provides tax relief for investment in certain corporate trades. The maximum investment by all investors in any one company or group of companies is €10m subject to a maximum of €2.5m in any one 12 month period. It allows individual investors to obtain income tax relief on investments up to a maximum of €150,000 per annum in each tax year up to 2013. Subject to certain restrictions for high income earners, relief is initially available to an individual at 30%. A further 11% tax relief will be available where it has been proven that employment levels have increased at the company at the end of the holding period (3 years) or where evidence is provided that the company used the capital raised for expenditure on research and development.

http://www.revenue.ie/en/tax/it/leaflets/new-it55-e11.pdf

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