Budget 2024: tax breaks for angel investors to encourage funding for Irish start-ups

Michael McGrath has met with Scale Ireland and other representatives of the start-up sector in the lead up to Tuesday’s budget

McGrath is expected to expand the relief which is currently limited by a number of measures which exclude angel investors

Tax breaks for angel investors will be rolled out in Tuesday’s budget in a bid to encourage high net worth individuals to back Irish start-ups and growing businesses, the Business Post has learned.

Michael McGrath, the Minister for Finance, plans to reduce the rate of Capital Gains Tax in line with the current relief provided to entrepreneurs when disposing of certain business assets.

The existing entrepreneur relief gives a rate of 10 per cent on ...