MoneyWeek’s David C Stevenson says Community Investment Tax Relief (CITR) is a “practical and tax-efficient way for investors with a social conscience to help struggling communities.”
Stevenson describes how the scheme, which it says is “admirable” works. Worked examples draw on our member Charity Bank and the article covers £145m raised (to date) through the scheme by Responsible Finance members.
“Investors are likely to hear a lot more about this tax relief over the next few years,” adds Stevenson.
Read the article in full here.
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