1 week ago
Get in Touch
Our team of accountancy experts are available to speak to you as soon as possible. You can also email us or complete the contact form and one of the team will be in touch.
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:
- 30% Income Tax relief: applies to your entire investment, regardless if you invested in shares or loans
- 0% Capital Gains Tax (CGT): only for shares – loans don’t qualify
- 100% Capital loss relief: also only for shares
- 100% Inheritance Tax free if you held the shares for 2 years
- You can also defer your CGT if you reinvest in another set of SITR shares.
Frequently Asked Questions
-
What does ‘tax-efficient’ mean?
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!
-
What are some other tax-efficient investment schemes?
Other tax-efficient investment schemes currently available in the UK include the Enterprise Investment Scheme, Venture Capital Trusts and Peer-to-Peer lending.
Search More Terms
News & Insights
1 month ago
2 months ago
2 months ago
2 months ago
2 months ago
2 months ago
2 months ago