The social investment tax relief factsheet has been updated
Social investment tax relief allows individuals making an eligible investment to deduct 30% of the cost of their investment from their income tax liability, either for the tax year in which the investment is made or the previous tax year (if 2014/15 or later).
The investment must be held for a minimum period of three years for the relief to be obtained.
Social enterprises need to apply to HMRC to confirm that both they and the investment they have received meet the conditions of the scheme,and that there is a defined and regulated social purpose.
Generally the social enterprises are charities, community interest companies or community benefit societies carrying out a qualifying trade, with fewer than 500 employees and gross assets of no more than £15m.
You can find links to the guidance, together with previously issued guidance for investors and social enterprises - in the ‘Related links’ section on this page.