I would like to introduce to you an investment opportunity to reduce income tax for 2016. EIIS is a tax relief investment scheme which provides tax relief to eligible Investors for investments in certain qualifying small and medium-sized trading companies (“SME’s”).
Importantly it is one of the few remaining sources of TOTAL income relief.
Investors can obtain tax relief on:
- Deposit interest income
- PAYE income
- Rental income from investment property (held in a personal capacity)
- Imputed distribution ARF income
- EIIS relief is available in two tranches:
1. 30% is available in year one (or in subsequent years if not used).
2. An additional 10% relief is available after year four, subject to the investment company meeting certain pre-determined criteria.
Minimum investment €25,000 through Cantor Fitzgerald.
Other EII providers have lower minimum thresholds.
Tax relief €25,000 : 30% 2016 = €7,500 (tax savings)
