Peter Fitzpatrick (Louth, Fine Gael)
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63. To ask the Minister for Finance the tax reliefs or incentives available for persons that decide to leave full-time employment to pursue setting up their own business (details supplied); and if he will make a statement on the matter. [21542/18]

Paschal Donohoe (Dublin Central, Fine Gael)
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Start-Up Relief for Entrepreneurs (SURE) is a tax relief for individuals who leave full-time employment and start up their own business. In general terms, relief under SURE is available for an individual who:

- Gives up full-time employment elsewhere to take up full-time employment with the new company.

- Sets up a new company to carry out a new trade. Therefore, companies that carry on a trade previously carried out by another person do not qualify. Nor do many consulting companies, which carry out a profession rather than a trade, qualify.

- Invests in ordinary share capital of the new company.

The relief available is based on the amount invested and the amount of tax paid, through the PAYE system, for the previous 6 years.

The Deputy may wish to be aware that the relief is currently being reviewed along with the Employment and Investment Incentive. The review is being carried out by Indecon Economic Consultants. A public consultation process is also being carried out as part of the review.