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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