The Employment Investment Incentive (EII) was introduced by Finance Act 2011 to replace the Business Expansion Scheme. Revenue’s Tax and Duty Manual (TDM) Part 16-00-02, last updated in October 2024 at the time of writing this article, contains the most recent guidance on the EII rules, but unfortunately it has not yet been updated for the changes introduced by Finance Act 2024. This article focuses mainly on the EII and its application to private placings, i.e. direct investments in qualifying companies. It is not intended to cover investments through a fund or to deal with the Start-up Capital Incentive (SCI) or Start-up Relief for Entrepreneurs (SURE) in any detail.
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