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.
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.