A two-year extension for Social Investment Tax Relief

From Charity Tax Group:

As charities look for ways to address the financial effects of the pandemic and its impact on charity fundraising, the need for a tax system that encourages and incentivises philanthropists and social investors to use their wealth for positive impact becomes even more important.

It was timely, therefore, that the recent Budget included an extension of Social Investment Tax relief (SITR) for a further two years.

This piece explains what SITR is, how it works, reviews why it has not proved more popular so far, and considers what now needs to change to allow it to have greater impact.

Click here for the full article.