{"id":1026,"date":"2019-07-25T13:38:32","date_gmt":"2019-07-25T12:38:32","guid":{"rendered":"https:\/\/taxfix.com\/en-uk\/?p=1026"},"modified":"2024-11-20T14:41:31","modified_gmt":"2024-11-20T14:41:31","slug":"sitr-social-investment-tax-relief","status":"publish","type":"post","link":"https:\/\/taxfix.com\/en-uk\/investor-capital-gains-tax-returns\/sitr-social-investment-tax-relief\/","title":{"rendered":"How to claim SITR (Social Investment Tax Relief)"},"content":{"rendered":"\n<p>The Social Investment Tax Relief (SITR)&nbsp;scheme was set up by the UK Government to encourage individual investors to support social impact enterprises.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How much tax relief can I get?<\/h2>\n\n\n\n<h5 class=\"wp-block-heading\">1. Tax reliefs when you invest<\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>30% Income Tax Relief:<\/strong>&nbsp;so let&#8217;s say, for a \u00a310,000 investment, your income tax is reduced by \u00a33,000 that year<\/li>\n\n\n\n<li><strong>Capital Gains Deferral Relief:<\/strong>&nbsp;you can defer any Capital Gains Tax&nbsp;(<a href=\"https:\/\/taxfix.com\/en-uk\/capital-gains-tax-on-shares\/\">CGT)<\/a> you might have to pay if you reinvest those profits into SITR-eligible enterprises<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"embed-container\"><iframe loading=\"lazy\" title=\"Tax in 10(ish) seconds - what is tax-efficiency?\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/93RKUoFKaXM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/div><\/figure>\n\n\n\n<h5 class=\"wp-block-heading\">2. Tax reliefs when you exit your investment<\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>100% Capital Gains Tax Exemptions:<\/strong>&nbsp;all your profits from selling your SITR investments are exempt from Capital Gains Tax. You will have to pay Dividend Tax on dividends (or Income Tax if they&#8217;re <a href=\"\/en-uk\/glossary\/bonds\/\">bonds<\/a>) from these investments<\/li>\n\n\n\n<li><strong>100% Loss Relief (except for SITR loans):<\/strong>&nbsp;if you have losses from your SITR investments, you can set them against your Income or Capital Gains Tax<\/li>\n<\/ul>\n\n\n\n<h5 class=\"wp-block-heading\">3. Additional reliefs<\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>100% Inheritance Tax Relief:<\/strong>&nbsp;the inherited shares and bonds get full&nbsp;<a href=\"https:\/\/taxfix.com\/en-uk\/inheritance-tax-rates-allowances\/\">IHT<\/a>&nbsp;relief you pass away after 2 years<\/li>\n<\/ul>\n\n\n\n<p>The maximum amount you can invest is \u00a31,000,000.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How do I claim the SITR tax relief?<\/h2>\n\n\n\n<p>Keep in mind that you\u2019re only eligible for the CGT exemption and the Income Tax relief if you keep the investments (either shares or bonds) for 3 years.<\/p>\n\n\n\n<p>You can claim the SITR tax relief when you\u2019re filing your <a href=\"\/en-uk\/glossary\/personal-tax-return\/\">personal tax return<\/a>. Go to the \u201cother tax reliefs\u201d section on your&nbsp;<a href=\"https:\/\/www.gov.uk\/government\/publications\/self-assessment-additional-information-sa101\">Additional Information (SA101) page<\/a>.<\/p>\n\n\n\n<p>Here you\u2019ll need the enter the total amount invested into SITR eligible investments:<\/p>\n\n\n<div class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/taxfix.com\/en-uk\/wp-content\/uploads\/Screenshot-2019-07-25-at-13.28.05.png\" width=\"648\" height=\"146\" srcset=\"https:\/\/taxfix.com\/en-uk\/wp-content\/uploads\/Screenshot-2019-07-25-at-13.28.05-300x68.png 300w, https:\/\/taxfix.com\/en-uk\/wp-content\/uploads\/Screenshot-2019-07-25-at-13.28.05.png 648w\" class=\"wp-block-image__media\" sizes=\"auto, (min-width: 1000px) 768px, calc(100vw - 48px)\" alt=\"SITR amount on SA101\"><\/div>\n\n\n<p>Of course, you can also use\u00a0Taxfix\u00a0&#8211; <a href=\"\/en-uk\/\">we can sort all of this for you for a flat fee of \u00a3119<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Social Investment Tax Relief (SITR)&nbsp;scheme was set up by the UK Government to encourage individual investors to support social impact enterprises. How much tax relief can I get? 1. Tax reliefs when you invest 2. Tax reliefs when you exit your investment 3. Additional reliefs The maximum amount you can invest is \u00a31,000,000. How [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[458,462],"tags":[416,70,418],"class_list":["post-1026","post","type-post","status-publish","format-standard","hentry","category-investor-capital-gains-tax-returns","category-tax-efficiency","tag-benefits-reliefs-grants","tag-capital-gains-tax","tag-invest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to claim SITR (Social Investment Tax Relief) &#8211; Taxfix<\/title>\n<meta name=\"description\" content=\"The Social Investment Tax Relief (SITR) scheme was set up to encourage investors to support social causes. It can get you 30% Income Tax Relief and more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/taxfix.com\/en-uk\/investor-capital-gains-tax-returns\/sitr-social-investment-tax-relief\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to claim SITR (Social Investment Tax Relief) &#8211; Taxfix\" \/>\n<meta property=\"og:description\" content=\"The Social Investment Tax Relief (SITR) scheme was set up to encourage investors to support social causes. 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