SCHEDULES
SCHEDULE 16Community investment tax relief
Part 1Introduction
I11Eligibility for tax relief
1
An individual or company (“the investor”) that makes an investment (“the investment”) in a body is eligible for relief in respect of the investment if—
a
that body is accredited as a community development finance institution under this Schedule at the time the investment is made (see Part 2);
b
the investment is a qualifying investment (see Part 3); and
c
the general conditions of Part 4 are satisfied.
2
In this Schedule references to “the CDFI” are to the body in which the investment is made.