From an employment and personal tax standpoint, most of what was in the new Finance Bill was announced on Budget Day. Employment Investment IncentiveThe most fundamental change concerns the rate of tax relief granted to investors. Angel investor CGT reliefFor Budget 2024, the minister announced a new targeted CGT (Capital Gains Tax) relief for angel investors in innovative start-up small- to medium-sized enterprises (SMEs). The €750,000 and €500,000 respective amounts of retirement relief for third-party disposals has not changed. R&D creditAn increase in the R&D tax credit from 25pc to 30pc, and a doubling of the first-year payment threshold from €25,000 to €50,000, is a welcome addition for many private R&D businesses.

Source: Irish Independent October 23, 2023 08:23 UTC