I've recently discovered an existing government scheme that provides 50% income tax relief against your investment.
It has limited option but some interesting ones. The one that captured my attention in the first place is Quinn's Pub, Drumcondra dublin.
For anybody of my vintage or older and an interest in Irish sports it's an institution but one that was closed down for the past number of years and one that was badly in need of a full renovation.
Now there is an investment group that has done just that and who have registered with the EIIS scheme that allows up to 50% tax relief against your investment.
EIIS structure.
Why Invest?
If you’ve ever dreamed of owning part of a legendary pub, now’s your chance. Jay and Simon have already invested €1,000,000 and begun transforming Quinn’s since late 2023. Your support will enable us to finish the ambitious work and turbocharge the outdoor garden, ensuring the new Quinn’s becomes something extraordinary.
What’s the Investment?
We’re inviting investors to contribute at least €10,000 each, with shares priced at €1 each.
For every €10,000 invested, you’ll receive a €5,000 tax rebate under the EIIS scheme. If you are investing now in 2025, you will receive this rebate in your monthly pay check immediately.
You’ll own shares in Discipulo Developments Ltd., the company behind Quinn’s Pub.
What’s in it for You?
Ownership: Become a shareholder and co-owner of Quinn’s and the Food Yard.
Tax Relief: Enjoy a 50% tax rebate on your investment.
Dividends: Earn 12.5% annual returns, with potential for growth as the business thrives.
Founder Perks: Exclusive, VIP-style access and benefits for shareholders.
Capital Return: After 4 years, decide whether to sell your shares or continue collecting dividends.
It's a very interesting opportunity and with the pub due to open in February almost good to go. I know the pub and the area and it's badly needed up there in the summer.
There is a huge stadium across the road form the pub and on match days you can't get a drink. We were up there last summer and had to buy from a shop and drink in the road it was so busy.
The venue has big plans to expand with bedrooms going in and a food court being installed on the side to drive even more revenue through the doors.
I'm interested but it's going to be a minimum of 10K to but into the scheme which is fully registered with the Irish government and revenue. The real question however is the operators of the scheme who have promised more than they are likely to deliver.
I fed all the manifesto into chat gpt as my financial adviser since they sent through a full breakdown when i got in contact.
It did an impressive financial breakdown and made it very easy to read the fine print for a non financial person but the summary was this;
With a final answer of this once i reply to the group and push some questions back at them.
Something to think about.
THere is also a whiskey being launched by former Irish rugby player Simon Zebo that caught my eye as well. Just waiting on the full package for that one.