Business Start Up Relief for Long Term Unemployed

This is a relief aimed at persons who have been out of work for at least 12 months, and will allow them to earn €40,000 in profits p.a. in the first two years of trading without paying Income Tax. The relief will apply by way of a deduction from trading profits.

The relief applies to an individual who commences a new business and who has been

 and who was not previously a qualifying individual for the purposes of this relief.

This will apply for the first 24 months of trading, so that it will be necessary to apportion the relief where this does not match the tax year. A new business will mean a business commenced by the qualifying individual during the period beginning on 1 January 2014 and ending on 31 December 2016, but will exclude any trade:

Contact your OSK Tax Advisor for further information on Business Start Up Relief for long term unemployed.

Request a Call Back

To request a call back from the OSK team, please complete the form below.

Request a Quote

To request a quote from the OSK team, please complete the form below...
Please note we cannot provide advice unless you are signed up as a client having completed the required money laundering documents, engagement letter has been issued to you and fee agreed.