Back to Insights Social enterprise summary Further details on the proposed Social Venture Capital Trust Scheme, including 30% income tax relief, no capital gains tax on sale and tax free dividends. Further consultation can be expected before legislation is introduced on this. A change in legislation enabling the promotion of Social Investment Tax Relief (SITR) funds direct to the public in line with the promotion of EIS funds. SITR funds will enable investment via a nominee arrangement and will encourage a wider range of investors to invest in social enterprises. A six month transitional period for community energy schemes moving from tax-advantaged investment under the venture capital schemes to SITR (following EU state aid clearance of an enlarged SITR scheme). The development of a new Charity Authorised Investment Fund structure. Funds will be registered as a Charity, with regulatory oversight carried out by the FCA.