SCHEDULES
SCHEDULE 16Community investment tax relief
Part 3Qualifying investments
Introduction
8
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.