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.
EIS equivalent for social enterprise
on 12 December 2013 with No Comments
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