tax relief – GO4 Enterprises | "Cafe On the Rec" https://www.go4enterprises.org Nourishing Community, Together at Go4 Cafe. Mon, 12 May 2014 14:44:02 +0000 en-US hourly 1 https://www.go4enterprises.org/wp-content/uploads/2020/04/cropped-cropped-Go4Header-3-32x32.png tax relief – GO4 Enterprises | "Cafe On the Rec" https://www.go4enterprises.org 32 32 Investing in Social Enterprises: Update https://www.go4enterprises.org/2014/04/21/investing-in-social-enterprises-update/ Mon, 21 Apr 2014 10:30:47 +0000 http://www.go4enterprises.org/?p=709
Read More]]> The Chancellor announced in his latest budget measures to boost investment in social enterprises. More details have now been revealed.

Social investment tax relief (SITR) is now available for investments made by members of the public into not only social enterprises (CICs) but also charities and community benefit societies. Investments made after 6 April 2014 will be eligible if they are invested for at least 3 years. Tax relief of 30% will be applied, as a deduction from the investor’s income tax liability. There are also valuable capital gains tax relief available.

Investments may be configured as shares or debt (such as a simple loan) and there is a cap of £290,000 per organisation. to qualify, social enterprises must employ less than 500 employees and have gross assets under £15 million.

However, the regulations are quite complex and several conditions must be met by both the investor and the organisation. We are seeking advice from appropriate sources and will bring you more details as we get it. Alternatively, you can seek professional financial advice yourself if you are interested in taking advantage of this new opportunity.

In the meantime, if you are considering investing in Go4 Enterprises please contact Steven Dale via his email at newbeltane@gmail.com.

As Directors we are currently exploring this option of raising funds to expand our services and hope to make an announcement in the near future.

 

 

]]> Chancellor announces ‘groundbreaking’ 30% tax relief on social investment in Budget https://www.go4enterprises.org/2014/03/20/chancellor-announces-groundbreaking-30-tax-relief-on-social-investment-in-budget/ Thu, 20 Mar 2014 10:06:40 +0000 http://www.go4enterprises.org/?p=705
Read More]]> UK Chancellor 2014

The Chancellor announced in his Budget yesterday that he is introducing a 30% tax relief on investments in social investments. This will benefit social enterprises like Go4 Enterprises and is welcome news. The exact details of how it will work is to be announced on 27th March and the new relief comes into force from 6 April. What’s not clear yet is how it affects current shareholders but we hope that will become clear soon.

What this means for anyone wishing to support social enterprises like Go4 will become clear in the next  week or so, so watch this space! In the meantime, if you are interested in buying shares in Go4, please get in touch via our Contact page.

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