Social investment tax relief for homelessness social impact bonds | Third Sector

Social investment tax relief for homelessness social impact bonds | Third Sector.

Two social impact bonds worth a combined total of almost £1m, which will finance four charities’ payment-by-results youth homelessness projects, will be the first SIBs to benefit from the new social investment tax relief.

SITR allows investors who put money into social organisations to claim back part of their investments against their tax bills. The rate was set at 30 per cent by the Chancellor George Osborne in his Budget last year, and its scope was widened in Osborne’s Autumn Statement.

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