Updated: Added guidance on accreditation for contractors and video guide to SITR.
If you make a qualifying investment in a social enterprise, including a charity, Social Investment Tax Relief (SITR) can:
- give you a reduction of 30% of that investment in your income tax bill for that year
- let you defer a Capital Gains Tax charge if you reinvest the profits into a social enterprise
- after 3 years, let you sell or give away SITR-qualifying investments that have gained in value without paying Capital Gains Tax.
Video: guide to Social Investment Tax Relief
Read the HM Revenue & Customs guidance.
The 30% rate is the same rate as the Enterprise Investment Scheme and Venture Capital Trust investments. Read more about social investment tax relief policy.
See other social investment publications.