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In depth
News Analysis: Cash is seen as a safe bet for charities, but is it time to invest elsewhere?
The tendency of charities to hold assets in cash has been strengthened by the recent volatility of the markets resulting from the credit crunch.
Interview: Alison McKenna, president, the Charity Tribunal
The Charity Tribunal is open for business. Its president tells John Plummer why she wanted to take the helm at the new appeals body right from the start.
Expert calls for tax relief on social enterprise investment
By Helen Warrell, Third Sector Online, 6 May 2008
A leading social financier will today call on the Government to offer tax relief to social enterprise investors.
Nigel Kershaw, chief executive of Big Issue Invest, will urge the Treasury to provide mechanisms to reward those who take on risky investments during his address at the Good Deals conference on social investment.
Currently, charity donors are eligible for up to 40 per cent tax relief on their donations, and investors in small businesses can claim Enterprise Investment Scheme income and capital gains tax relief as well as Venture Capital Trust income tax relief.
“My argument is that you get Gift Aid if you donate to a charity, you can get income tax and capital gains tax relief if you buy shares in qualifying businesses, but social enterprise falls in the middle and investors get no breaks,” Kershaw said.
“While I support the Social Stock Exchange and the Social Investment Bank, I think that creating a level playing field were we can encourage private risk money into the sector is of greater importance. Why would you take risks in the sector if you can’t get rewarded for it?”
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