HM Treasury have released a summary of the responses to their 'Call for Evidence on Social Investment Tax Relief' (SITR). 

SITR is designed to give tax relief to encourage private investment into social enterprises. Individuals that make SITR qualifying investments get Income Tax relief of 30% as well as Capital Gains Tax (CGT) relief.

The goal of the relief was to help social enterprises raise finance by providing an incentive for private investors. The Call to Evidence was to review the take up of the scheme and to review whether it is achieving its objectives.

Respondents commented that:

Next steps

Useful guides on this topic

Social Investment Tax Relief (subscribers)
What is SITR?  What are the qualifying conditions for SITR?  What relief is available?

External Links

Social Investment Tax Relief:  summary of responses to the call for evidence

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