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The Social Investment Tax Relief (SITR) scheme was set up by the UK Government to encourage individual investors to support social impact enterprises.
The maximum amount you can invest is £1,000,000.
Keep in mind that you’re only eligible for the CGT exemption and the Income Tax relief if you keep the investments (either shares or bonds) for 3 years.
You can claim the SITR tax relief when you’re filing your personal tax return. Go to the “other tax reliefs” section on your Additional Information (SA101) page.
Here you’ll need the enter the total amount invested into SITR eligible investments:
Of course, you can also use TaxScouts – we can sort all of this for you for a flat £119.
There aren’t many SITR eligible investments to be found. The UK Government is currently reviewing the SITR scheme and might be replacing it with a Social VCT instead.
For now, you can find SITRs through specialised firms like:
Of course, you should do your own research – we do not endorse any of these firms or their SITR eligible investments in particular.
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