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In this episode, we're talking through a brand new CGT relief introduced by the Finance Act 2024: the Relief for Investment in Innovative Enterprises, more commonly known as Angel Investor Relief. It’s an interesting and welcome relief that’s designed to help innovative Irish startups access early-stage funding while rewarding investors with a reduced CGT rate.

There's a number of qualifications, conditions and interactions of this relief with others that may preclude certain other available reliefs, so make sure to listen carefully in the case that it becomes an examinable relief!

Main Topics Discussed in this Episode:

1. Overview of Angel Investor Relief: What it is, why it was introduced, and how it reduces CGT for qualifying investors.
2. Who Can Qualify as an Investor: The key conditions an individual investor must meet, including shareholding limits, minimum holding periods, and connection rules.
3. What Makes a Company “Qualifying”: The importance of the certificate of qualification, what Revenue looks for, and why commercial innovation and going-concern status matter.
4. Eligible Shares and Investment Conditions: What counts as eligible shares, why cash investment is required, and why buying existing shares won’t qualify for the relief.
5. Interaction with Other Tax Reliefs: How Angel Investor Relief interacts with EIIS, Entrepreneur Relief, and Retirement Relief, highlighting why choosing the right relief can make a significant tax difference.

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To improve your study for the ACCA ATX Exams this year, head to Paula Byrne's website to purchase the ACCA ATX IRL Revision Book for Exams in 2025 and Tax Conditions - the Spoken Word for audio-based revision.

Thank you to Matthew Bliss for editing and production of this episode. If you'd like him to edit your podcast, send an email to [email protected] or head to https://www.mbpod.com/.