Income Tax Act 2007 section 257K

Eligibility for SI relief

Section 257K sets out who qualifies for social investment (SI) tax relief, the time window during which qualifying investments must be made, and the circumstances in which relief is not available.

• An individual investor can claim SI relief on an investment in a social enterprise made on their own behalf between 6 April 2014 and 5 April 2023, provided the conditions in Chapters 3 and 4 are satisfied
• SI relief is not available if the investor has already claimed relief on the same amount under the Enterprise Investment Scheme, the Seed Enterprise Investment Scheme, or Community Investment Tax Relief, or has used it to offset a chargeable gain under the EIS re-investment rules
• Where a social enterprise is an accredited social impact contractor, certain eligibility conditions relating to pre-arranged exits and trading requirements do not apply
• Investments handled by a nominee on behalf of an individual are treated as made by the individual, and the Treasury may extend the end date of the scheme by order