Invest in our local businesses
Support Sirius for a better local business community Earn 5% per annum on your investment for 5 years Backed by the HMRC
The Community Investment Tax Relief (CITR) scheme is intended to stimulate private investment in disadvantaged communities by providing a tax incentive to individuals and companies who invest in Sirius for on-lending.
The tax relief scheme is available to both individuals and companies (subject to certain conditions) and is worth up to 25% of the value of the investment spread over 5 years, starting in the year the investment is made.
How does Sirius’s CITR Scheme work?
The CITR scheme provides a tax incentive to investors in enterprises within disadvantaged communities. It was introduced by the Government to encourage individuals and companies to invest in accredited organisations - of which sirius is one. In fact, Sirius is one of the few accredited organisations eligible to offer this opportunity.
The tax relief is available to individuals and companies and is worth up to 25% of the value of the investment in the organisation. The relief is spread over 5 years, starting with the year in which the investment is made.
Sirius will use the money invested in its normal operations - lending to local people to set up, or expand, their own business as a means to achieve financial independence. The process at Sirius often sees our clients rebuilding their confidence and self-esteem and improving their over-all quality of life.
For full details please follow the link: http://sirius-hull.co.uk/files/dal/339.pdf
or visit www.hmrc.gov.uk for further guidance.