The Social Investment Tax Relief Scheme Explained
In a move designed to help social enterprises access new sources of finance, the Government has unveiled the social investment tax relief scheme, encouraging individuals to support social enterprises by investing funds in qualifying social organisations across the country.
Announced as part of Budget 2014 on 19 March, Chancellor of the Exchequer George Osborne claimed that individuals investing in qualifying social organisations in this manner will receive a reduction of 30 percent of their investment in their income tax liabilities for the year in question.
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