Simon Steeden attended the Community Energy England event on 14 January 2015 and presented an outline of the transition from Seed Enterprise Investment Scheme (SEIS) and Enterprise Investment Scheme (EIS) to Social Investment Tax Relief (SITR).

SITR was introduced in the Finance Act 2014, which received Royal Assent in July 2014. It is in place for investments made, or capital gains arising, in the period from 6 April 2014 to 5 April 2019.

Simon presented to the candidates a comparison of the main features of each scheme from the investor and investee points of view and provided an outline of the process of obtaining SITR. Simon noted that SITR is not currently available for investment in co-ops and discussed the possibility of an optional asset lock being introduced to enable the inclusion of co-ops in the scheme.

Posted on 20/02/2015 in BWB News

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