Among other suggestions, our contribution calls on the government to recognise the fact that many ‘highly impactful community organisations” are “ineligible for the relief” due to restrictions on asset leasing. To address this problem, we propose to remove the restriction (so that asset leasing is deemed to be a qualifying activity) and introduce a specific anti-abuse rule in relation to asset leasing. We also propose that the lifetime limit for younger organisations is raised to £5million, and drafting issues affecting company structure are fixed.
The government received submissions up to the end of July, and we are waiting to hear their next steps.
Want to read more of our views on SITR relief? Click here to check out our submission.
All content on this page is correct as of September 2, 2019.