Start your own Business Relief
You might be able to claim Start your own Business Relief If you:
- started your own business between 25 October 2013 and 31 December 2018
- were unemployed for at least 12 months before you start the business.
The Start your own Business Relief allows you to claim an Income Tax (IT) relief of up to €40,000 per year. You can claim this relief for a maximum of two years. You can only claim this relief once.
The relief must be claimed within four years after the end of the tax year to which the claim relates. For example, if you started your business on 1 January 2018, you have until the end of:
- 2022 to claim the relief for 2018
- 2023 to claim the relief for 2019.
Next: Who qualifies for this relief?