Finance Bill 2014 includes proposed legislation for the social investment tax relief, a tax relief available to investors in social enterprises from 6 April 2014. The rules are based on the existing EIS scheme and provide income tax relief and capital gains exemption on a qualifying investment, as well as the potential to defer capital gains. In some cases, an investment in a social enterprise could qualify under SITR and also EIS or SEIS. It is important to be aware of the relative benefits and the different criteria for each scheme.
