What is CITR?
Community Investment Tax Relief, or "CITR", is tax relief that is available to individuals or companies who invest in accredited Community Development Finance Institutions (CDFI's) such as Foundation East.
Foundation East is accredited by the Department for Business, Energy and Industrial Strategy (BEIS) to offer CITR. The relief is equivalent to a minimum of 5% of the value of your investment each year for five years. The investment must remain with Foundation East for the full 5 years in order to be eligible for CITR.
CITR equates to a pre Income Tax return of 6.2% for 20% tax payers, 8.3% for 40% tax payers, 9.1% for 45% tax payers and 5.8% for Corporation Tax payers.
You can purchase CITR shares in Foundation East and find more information about investing on our Invest page.
You can also find more information about CITR on the government website.
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