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The social investment tax relief meets bemused enthusiasm

The government is pressing ahead with the proposals announced last year to provide tax incentives for investment in qualifying social enterprises. In certain circumstances capital gains will be able to be deferred with qualifying investments; capital gains arising on disposals of these investments will be tax free; and income tax relief will be available at 30 per cent of the amount invested.

The new rules came into effect from 6 April 2014 and draft guidance was published on 27 March. The aim of the relief is to boost investment in philanthropic ventures, providing much-needed financial support to eligible organisations, and provide a useful tax saving for the donor.

Go to Spear's Wealth Management to read the full article.

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