| Commentary

135 Social investment tax relief

| Commentary

135 Social investment tax relief

Social investment tax relief (SITR) was introduced in 2014 as a relief for individuals making an eligible investment in a social enterprise1 that offers relief from income tax and capital gains tax2. The relief is similar to other venture capital schemes such as the Seed Enterprise Investment Scheme and the Enterprise Investment Scheme although, unlike those schemes, SITR can be claimed where the investment is made as an unsecured loan or a debt instrument, which allows the relief to be available to individuals investing in social enterprises with no share capital. The

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