Taxes Consolidation Act 1997 section 81D

Deduction for stock exchange listing expenditure

Section 81D provides a corporation tax deduction of up to €1,000,000 for expenditure incurred by a company in respect of a first-time listing on a stock exchange in the European Economic Area (EEA).

• Relief covers costs wholly and exclusively related to obtaining a first listing on an EEA regulated market or multilateral trading facility, with a maximum deduction of €1,000,000, available for IPOs taking place between 1 January 2025 and 31 December 2029.
• Qualifying expenditure includes costs incurred in the accounting period of the listing and the preceding three years (or from the date the company commenced trading or became an investment company, if later), provided those costs are not relievable under any other tax provision.
• For trading companies, the deduction is taken against profits chargeable under Case I or II of Schedule D; for investment companies, it is treated as an expense of management under section 83.
• The relief is confined to genuine first listings — it is not available where the company's shares have previously been admitted to trading on any stock exchange or trading facility in any jurisdiction.