PARLIAMENTARY WRITTEN QUESTION
Social Enterprises: Tax Allowances (13 March 2023)
Question Asked
To ask the Chancellor of the Exchequer, whether he plans to extend social investment tax relief beyond 31 March 2023.
Asked by:
Helen Morgan (Liberal Democrat)
Asked by:
Helen Morgan (Liberal Democrat)
Answer
As the Chancellor announced in his Spring Budget, the Social Investment Tax Relief (SITR) will be allowed to expire in April 2023. New investments made on or after 6 April 2023 will no longer qualify for income and capital gains tax relief.
Answered by:
Victoria Atkins (Conservative)
16 March 2023
Contains Parliamentary information licensed under the Open Parliament Licence v3.0.