Changes to SITR increase the amount raised from individual investors but extend the list of excluded activities.
The Government has confirmed changes to the existing rules for Social Investment Tax Relief (SITR) in the form of draft legislation and a policy paper. Broadly, these changes increase the amount social enterprises can raise from individual investors, extend the list of excluded activities and broaden the anti-avoidance rules. The changes are to take effect for investments made on or after 6 April 2017.
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