Plans for Social Investment Tax Relief to be Extended

The government plans to extend social investment tax relief to small community farming and horticultural activities, after recommendations during the consultation from the Community Land Advisory Service.

According to Autumn Statement documents, the government will seek EU approval to increase the investment limit to £5m per annum, per organisation, up to a maximum of £15m per organisation, and to extend the relief to small-scale community farms and horticultural activities. The changes are due come into effect on or after 6 April 2015, subject to EU state aids clearance.

All UK energy generation which comes from community-owned projects, undertaken by qualifying organisations, will be eligible for social investment tax relief, with effect from the date of its expansion.

 

 

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