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.
Sch. 16 modified by 2005 c. 7, s. 54A (as inserted (10.7.2008) by The Alternative Finance Arrangements (Community Investment Tax Relief) Order 2008 (S.I. 2008/1821), arts. 1, 2)