Start-Up Capital Incentive (SCI)

Has anyone availed of this scheme? My wife is starting a business and looks like I could in theory get tax back by investing in it assuming she sets it up as an LTD and issue me shares for my investment.

Info online is fairly light compared to SURE (which I can’t avail of).

This looks interesting. I had checked in SURE which looks similar but haven't availed yet. It's like SURE but for family members?

Issue with SURE is it requires me giving up my PAYE job, my wife is a stay at home Mum who wants to start a business. I’ve set up a meeting with an accountant so will report back. But hopefully I can get 40% of my investment back in tax, which as a married couple seems mad to me as it’s our money.

First question: does your wife's business need the capital? Investing in an enterprise to get a tax deduction rather than for sound business reasons is generally not a good idea.

Note that to qualify for relief you will need to show that the capital investment is to be used to maintain employment in the business, or for research and development. So it's not enough that there be a sound business case for the company to seek this capital, but the business case must require the capital to maintain employment or for R&D.