C1Part 7Community investment tax relief

Annotations:
Modifications etc. (not altering text)
C1

Pt. 7 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)

Chapter 1Introduction

CITR

334Eligibility for CITR

1

An individual (“the investor”) who makes an investment (“the investment”) in a body is eligible for CITR in respect of the investment if—

a

that body is accredited as a community development finance institution under Chapter 2 at the time the investment is made,

b

the investment is a qualifying investment (see Chapter 3), and

c

the general conditions of Chapter 4 are met.

2

In this Part references to “the CDFI” are to the body in which the investment is made.