Relief for investment in corporate trades for individuals

Start-Up Relief for Entrepreneurs (SURE)

SURE is a tax relief that provides a refund of Income Tax that you paid in previous years. You can claim the relief if you are starting your own business and you are:

  • an employee
  • an unemployed person
  • a person who has recently been made redundant.

The general conditions for SURE are that you must:

  • establish a new company carrying on a new qualifying trading activity
  • have mainly Pay As You Earn (PAYE) income in the previous four years
  • take up full-time employment in the new company as a director or an employee
  • invest cash in the new company by purchasing new shares  
  • keep the purchased shares for at least four years.

There are a number of specific conditions that the individual and the company must meet in order to qualify for this relief.

More details on when an investment is a qualifying investment can be found in Relief for investment in corporate trades.

Next: Claiming relief for shares