new business tax incentive ?

[goose]

hi there,

I am starting a new business and investing some of my PAYE money
thinking of investing about €50K, though I will continue to be working in PAYE employement. I am wondering can I receive any tax relief if I invest 50K of my own money ? I would have obviously paid PAYE tax on my lump sum.

Thanks
Darragh.

 

[RainyDay]

Check out the [broken link removed].

 

[ClubMan]

Do you not have to cease PAYE work to avail of the SCS?

 

[goose]

thanks for that I will have a read and figure it out.

Darragh

 

[ClubMan]

You should also start talking to a good accountant/tax advisor about your plans in my opinion. You will probably need one for any new business venture anyway so the sooner you build a relationship the better.

 

[goose]

thanks Clubman i will check out a good advisor.
do you know of any website or other place where they list advisor or reputable advisor ?

Darragh