Scale Ireland has been engaging positively with the Department of Finance Ireland on ensuring
the reduced CGT rate for Angel investors who invest in start-ups is effective. We
and HBAN raised issues about the 5% ownership requirement which would have excluded over
85% of Angels.
On November 3rd , 2023 and announcement was made regarding amendments which show there
will also be an alternative option to avail of the relief by investing €20k only - a welcome move
and less restrictive. We will need to further assess the provisions over the coming days, but
strongly welcome the engagement with Minister Michael McGrath TD and the Department.