Social Investment Tax Relief (SITR) is a new tax relief for investors in certain types of “Social Enterprise”. It joins the other tax advantaged investment schemes (The Enterprise Investment Scheme, the more generous Seed Enterprise Investment Scheme, and Venture Capital Trusts), but it has certain unique features of its own.
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- James Bailey’s tax publications
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Social Investment Tax Relief
Capital Gains on UK Residential Property
On 28 November 2014, HMRC replied to the consultation that has been taking place on capital gains made by non-UK residents on UK residential property. Their proposed legislation includes changes to the rules for the Main Residence Exemption that apply to UK residents as well as non-residents.
Training Costs for the Self-employed
HMRC’s attitude to training costs incurred by the self-employed (sole traders and members of partnerships) is irrationally restrictive and largely based on misinterpreting an irrelevant tax case. Their official instructions are bad enough, but local officials go on to misinterpret their Head Office’s misinterpretation to deny almost all claims for training costs.
Autumn Statement 2014
I think it was Niels Bohr who said “anyone who is not shocked by quantum theory has not understood it”.
Winter 2014 Newsletter
Pension Freedom 2015 – Winter 2014
Tax Incentives For Investors – Winter 2014
Charity Newsletter Autumn 2014 Issue 25
The Budget 2014
The above information should not be used to make decisions in isolation without consulting a professional adviser.