Startup Relief for Entrepreneurs (SURE)


Startup Refunds for Entrepreneurs (SURE) is a tax relief incentive scheme.


If you are interested in starting your own company, you may be entitled to an income tax refund of up to 41% of the capital that you invest under SURE. Depending on the size of your investment you may be entitled to a refund of income tax paid over the 6 years prior to year in which you invest.

The following is a basic example of how refunds under SURE are calculated.


John makes a SURE investment of €100,000 in 2015.


The €100,000 investment made by John can be used to reduce his taxable income in one or more of the previous six tax years.


John’s Earnings & Tax Paid for the last 6 years [2009 to 2014], per his Forms P60, and current year, per his Form P45, are as follows:
2009 2010 2011 2012 2013 2014 2015
Earnings 80,000 80,000 100,000 75,000 60,000 30,000 30,000
Tax Paid 21,496 21,496 29,532 20,562 14,412 2,700 2,700


John opts to utilise his SURE investment of €100,000 in 2011. This reduces John’s taxable income and tax payable for 2011 to Nil and results in a SURE refund of €29,532 calculated as follows:

  • 2011 Earnings: €100,000
  • SURE Investment: €100,000
  • Taxable Income: €Nil

As John paid tax of €29,532 in the 2011 tax year, and has previously not received a full or partial refund of tax paid in the 2011 tax year, he will receive a SURE refund of the full amount of the tax he paid in the 2011 tax year of €29,532.