Social Investment Tax Relief (SITR) is a scheme that can help you save on tax and also make a difference by investing in charities or businesses with a social impact. Social Investment Tax Relief is considered to be one of the most tax efficient investments in the UK today.
There are a range of tax reliefs available to you when you invest in SITRs:
You have tax obligations, but there is a chance that you are paying higher rates of tax than you need to, based on assumptions that HMRC may make from your income and expected revenue. To ensure that your accounts are running in the most tax-efficient way possible, contact our experts for a comprehensive consultation!