Finance (No. 2) Act 2023 introduced a new CGT relief, “relief for investment in innovative enterprises”, more commonly termed “angel investor relief”. The objective of this CGT relief is to encourage investment in innovative start-up businesses that are small- and medium-sized entities (SMEs). As noted in Revenue’s “Notes for Guidance: Taxes Consolidation Act 1997, Finance Act 2023”, issued in December 2023, “The relief aims to assist SMEs in attracting investment and to make Ireland a more attractive location for angel investors”.
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