Donohoe to review start-up founder tax break
There is a reduced tax rate of 10 per cent for entrepreneurs who make gains of up to €1 million on selling business assets, rather than the standard rate of 33 per cent
Minister for Finance Paschal Donohoe is reviewing the capital gains tax relief for entrepreneurs after complaints that it has fallen behind Britain’s offering as Brexit looms.
There is a reduced tax rate of 10 per cent for entrepreneurs who make gains of up to €1 million on selling business assets, rather than the standard rate of 33 per cent.
But there has been a strong business campaign to expand this entrepreneur tax relief ...
