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Free Download

The Sapphire guide to Social Investment Tax Relief (SITR).

Our FREE eBook guide will help you understand SITR process.

Our eBook will save you valuable time and expense to get your social enterprise approved by HMRC and more importantly ready to raise the finance.

 

DOWNLOAD THE EBOOK NOW
SCP_Ebook_Cover_SITR

What's Included?

  • What is a the Social Investment Tax Relief (“SITR”)
  • What is a qualifying trade.
  • What trades are excluded.
  • Qualifying conditions.
  • Which companies qualify for SITR.
  • Explanation of the tax benefits.
  • How to get HMRC advance assurance.

Frequently Asked Questions

Why apply for Social Investment Tax Relief (SITR)?

Socially responsible investing

This is on the increase with more and more private investors considering both financial and social returns.SITR is potentially a better brand allowing for investment directly into community based organizations.

Is there any differences between SITR and SEIS/EIS?

Most trading activities do qualify for all three types of tax relief, however there are a number of trades which are specifically excluded from EIS and SEIS, but are not excluded from SITR. The most important of these exceptions is residential care, which is a significant area of activity for social enterprise. Other exceptions include hotels, and social finance intermediaries that invest in social enterprises.

SITR is available on unsecured debt as well as equity investment.

This not only allows the investor flexibility but also enables the social enterprise to access debt at a lower rate than typical finance, and therefore lower their cost of funding

Can my social enterprise apply for SEIS and EIS, in addition to SITR?

Yes!

SITR can be claimed alongside EIS and SEIS as these three schemes are not exclusive. So a social enterprise, with share capital, could offer EIS or SEIS on community shares at the same time as offering SITR on unsecured loans. The only restriction is when these schemes are combined, the maximum that can be raised under SITR is reduced pound for pound by the amount raised under SEIS or EIS.

What if the ebook doesn't answer all my questions?

Ask us!

At Sapphire Capital, we are always happy to help therefore don't be afraid to send us an email or book a call to discuss your remaining questions.

Is this ebook really free?

Absolutely!

Just sharing some free knowledge that we hope you’ll find useful. Keep us in mind next time you have any questions!

Hundreds of people have used our guides to improve their knowledge & understanding of Social Investment Tax Relief (SITR).

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