Definition of social investment tax relief

Social investment tax relief (SITR), which is modelled on Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS), became available from 6 April 2014 to investors investing in social enterprises (which do not have to be companies). The scheme is expected to have a five year life.

There will be income tax relief at 30% together with capital gains tax reliefs. [1]

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