[ˈsəʊʃəl ɪnˈvɛstmənt tæks rɪˈliːf (ɛs-aɪ-tiː-ɑː)]
Social Investment Tax Relief (SITR) was a scheme that gave tax relief on investments in charities and social enterprises made on or before 5th April 2023.
Social Investment Tax Relief (SITR) was a scheme introduced by the UK government in 2014 that encouraged individuals to invest in charities and social enterprises by providing tax relief on their investments.
For investments made on or before 5th April 2023, individuals could receive 30% Income Tax relief, 0% Capital Gains tax on shares, 100% Capital Loss relief on shares, and 100% Inheritance Tax free if shares were held for more than two years.
An individual could invest up to £1 million and there was no minimum investment. It provided a great Tax-efficient way of investing in positive projects.
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