Social Investment Tax Relief

This screen is accessed via the data input tab within the tax return and is available from year ended 5 April 2015. It allows input of investments for which Social Investment Tax Relief (SITR) can be claimed.

Social Investment Tax Relief can be claimed on the purchase of qualifying shares or investments in:

  • a social enterprise such as a community interest company
  • a community benefit society
  • a charity

SITR cannot be claimed if another relief has already been claimed for the investment, such as:

  • Enterprise Investment Scheme
  • Seed Enterprise Investment Scheme
  • Community Investment Tax Relief Scheme

Relief is available at 30% of the amount invested, up to a maximum annual investment of £1,000,000.

  • Description of investment’ Enter a description of the investment
  • Amount’ Enter the amount invested.

To delete a line from the grid, click the ‘trash can’ button at the end of the line.

Using income losses against capital gains

Firstly, please ensure that you are making the best use of the losses before proceeding. Select the Capital gains tab from the data input screen Click on the Disposals tab, and enter the relevant information Click on the Capital Losses tab, and enter the amount of loss that you wish to set off against the […]

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Restricting access to clients

This feature is only available for multiuser accounts, it has been designed so that you can restrict user access for certain clients if required. Users with “edit client access” rights AND who have access to a client can assign or remove access rights via the Access tab on the client screen. The default is that […]

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User restrictions within Taxfiler

This function is only available for a multiuser license. Some functions within Taxfiler can be restricted from a user. From the SETTINGS icon select Users and select the user that you wish to edit Select Restrictions tab You will be presented with several functions which can be selected or removed via a tick box. For […]

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