SCHEDULES

C1SCHEDULE 16Community investment tax relief

Annotations:
Modifications etc. (not altering text)

Part 3Qualifying investments

I18Introduction

For 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.