Tax Credit - Write Off

Chief Zip

I work in the public sector and earlier this year I became a Director and owner of a new company which I have invested in.
I don't expect this Company to return a profit this year and I am still injecting money in the form of directors loans for cashflow, wages for staff, etc.
Can anyone tell me if any of this investment or injections can be written off against my deductions in the public sector job. I've been told I can but it wasn't clear what I might be able to do.
Any advice will be greatly appreciated.

Dixie Chick

Without thinking too much into it, I wonder if the person who advised you was referring to something like this?

http://www.revenue.ie/en/tax/it/leaflets/it55.html

Chief Zip

Thanks Dixie Chick. Just had a quick read there and that must be it.

barneystinson

Chief Zip wrote: »

Thanks Dixie Chick. Just had a quick read there and that must be it.

And just to be very clear, that relief doesn't apply in your case.