Part 7Community investment tax relief
Chapter 5Claims for and attribution of CITR
Claims
355Securities or shares: no claim after disposal or excessive receipts of value
1
If the investment consists of securities or shares, a claim made in respect of a tax year must relate only to those securities or shares held by the investor, as sole beneficial owner, continuously throughout the period—
a
beginning when the investment is made, and
b
ending immediately before the qualifying date relating to the tax year.
2
No claim for CITR may be made in relation to a tax year if before the qualifying date relating to that year paragraphs (a) to (d) of section 364(1) (receipts of value in the 5 year period exceeding permitted limits) apply in relation to the investment or any part of it.
3
For the purposes of this section the qualifying date relating to a tax year is the next anniversary of the investment date to occur after the end of that year.