Toshiba001
Registered User
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How much tax relief can I claim under this scheme if I were to invest 100k in a new business that I would be a director of? Say I have paid 30k in Income Tax per year over the last 5 years, am I right in saying I can claim 41k as a tax refund on my investment?
AS per the EI website..
SURE (Startup Refunds for Entrepreneurs) is a tax refund scheme.
If you are interested in starting your own company, you may be entitled to an income tax refund of up to 41% of the capital funding that you invest in the company under SURE. Depending on the size of your investment you may be entitled to a refund of PAYE income tax that you paid over the six years before the year in which you invest.
AS per the EI website..
SURE (Startup Refunds for Entrepreneurs) is a tax refund scheme.
If you are interested in starting your own company, you may be entitled to an income tax refund of up to 41% of the capital funding that you invest in the company under SURE. Depending on the size of your investment you may be entitled to a refund of PAYE income tax that you paid over the six years before the year in which you invest.