What is Social Investment Tax Relief?
Social investment tax relief (SITR) is the government’s tax relief around social investment and is intended to encourage individuals to support social enterprises. It helps them access new sources of finance.
Anyone who make an eligible investment can deduct 30% of the cost of the investment from their income tax liability for either the tax year in which the investment is made or the previous one. This investment must be maintained for a minimum of three years for the relief to be eligible.
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