EIS equivalent for social enterprise

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A new tax relief for investment in social enterprise will begin in April 2014.¬† Currently investors in “for profit” businesses (limited by shares) can potentially benefit from tax relief under the Enterprise Investment Scheme (EIS).¬† As many social enterprises are “not for distributable profit” (limited by guarantee) and don’t have shares, EIS cannot apply to any investments made into such companies.¬† Details of the new relief are not yet available.

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