Policy paper

Draft legislation: Income Tax relief for social investments

This measure makes a number of changes to the Social Investment Tax Relief (SITR) scheme.

Documents

Draft legislation: Income Tax relief for social investments

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Details

The changes include an increase in the amount of money newer social enterprises may raise from individual investors under the scheme. These amendments also include provisions to better target the scheme on higher risk activities and deter abuse.

The changes take effect for investments made on or after 6 April 2017.

A tax information and impact note has also been published.

Comments about this legislation should be send to Martin Trott by email: venturecapitalschemes.policy@hmrc.gsi.gov.uk by 23 February 2017.

Published 26 January 2017