IntroductionU.K.
8For the purposes of this Schedule the investment is a “qualifying investment” in the CDFI if—
(a)the investment consists of—
(i)a loan in relation to which the conditions of paragraph 9 are satisfied,
(ii)securities in relation to which the conditions of paragraph 10 are satisfied, or
(iii)shares in relation to which the conditions of paragraph 11 are satisfied;
(b)the investor receives from the CDFI a valid tax relief certificate in relation to the investment (see paragraph 12); and
(c)the requirements of paragraph 13 are met in relation to pre-arranged protection against risks.
Commencement Information
I1Sch. 16 para. 8 in force at 23.1.2003 by S.I. 2003/88, arts. 2, 3