http://www.legislation.gov.uk/id/ukpga/2002/23

SCHEDULES

SCHEDULE 16Community investment tax relief

Part 4General conditions

Beneficial ownership

15 (1)

The investor must be the sole beneficial owner of the investment when it is made.

(2)

Where the investment consists of a loan, the person beneficially entitled to repayment of the loan shall be treated as the beneficial owner of the loan for the purposes of this Schedule.