The income tax relief now available to investors in the EIIS Scheme, one of the few remaining tax reliefs other than pension contributions, has been tapered into bands ranging from 20pc to 50pc, replacing the previous 40% (FA 2023). This has been due to the application of revised rules under the EU’s General Block Exemption (State Aid & Competition Regulation). With future schemes likely to include a focus on projects seeking ‘initial risk finance’ - relief being available for those at 50% - can you assess the tax efficiencies for Irish resident investors in the new EIIS of 2024 and the options that promoters will have in launching new EIIS schemes in 2024?
