(1)If the CDFI ceases to be accredited under Chapter 2 with effect from a time (“the relevant time”) within the 5 year period, no claim for CITR relating to the investment may be made by the investor—
(a)for the relevant tax year, or
(b)for any later tax year.
(2)For the purposes of subsection (1) the relevant tax year is—
(a)if the relevant time falls within the first year of the 5 year period, the tax year in which the investment date fell, and
(b)in any other case, the year in which fell the last anniversary of that date before the relevant time (or, if the relevant time itself falls on an anniversary of the investment date, the year in which that anniversary falls).