EIIS a useful tool for taxpayers and investors alike

EIIS a useful tool for taxpayers and investors alike

Mary McKeogh, tax partner with McKeogh Gallagher Ryan, says the Employment and Investment Incentive Scheme is typically used by companies as it is unsecured and cheaper than bank finance

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22nd November, 2020

The function of the Employment and Investment Incentive Scheme is twofold, says Mary McKeogh, tax partner with McKeogh Gallagher Ryan.

“It provides eligible taxpayers the opportunity to avail of tax relief and thus reduce their overall tax bill for the year they make the EIIS investment, and also to encourage investment in certain sectors of the economy,” she said.

As McKeogh explains, EIIS is typically raised by companies as it is unsecured and...

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