SFA lobbies for tax relief changes

The Small Firms’ Association is to lobby Finance Minster Michael Noonan on the introduction of tax relief changes to prompt business owners into making further investments.

Speaking ahead of the body’s annual conference today, SFA chairman Ian Martin said: “We believe that tax changes to support investment and jobs will be most important in contributing to growth going forward.

“Specifically, we will be proposing to the minister for finance that in Budget 2013, he introduces a ‘roll- over’ type relief, which would provide an incentive for entrepreneurs selling a business to invest some of its proceeds in other enterprise activity.