http://www.legislation.gov.uk/uksi/2003/96/schedule/1/paragraph/2
The Community Investment Tax Relief (Accreditation of Community Development Finance Institutions) Regulations 2003
Income tax
Small businesses
Community development
Tax
Business finance
INCOME TAX
2024-05-20
Statute Law Database
2003-02-13
Schedules 16 and 17 of the Finance Act 2002 provide for tax relief for investments made by individuals and companies in bodies which are accredited as community development finance institutions (“CDFIs”). The relief is called community investment tax relief. CDFIs are bodies which invest in enterprises for disadvantaged communities. These Regulations make provision for the accreditation of such bodies.
The Community Investment Tax Relief (Accreditation of Community Development Finance Institutions) Regulations 2003
reg. 8(1)(a)
The Community Investment Tax Relief (Accreditation of Community Development Finance Institutions) (Amendment) Regulations 2013
reg. 6(a)
reg. 2
The Community Investment Tax Relief (Accreditation of Community Development Finance Institutions) Regulations 2003
reg. 8(1)(b)
The Community Investment Tax Relief (Accreditation of Community Development Finance Institutions) (Amendment) Regulations 2013
reg. 6(b)
reg. 2
The Community Investment Tax Relief (Accreditation of Community Development Finance Institutions) Regulations 2003
reg. 8(1)(c)
The Community Investment Tax Relief (Accreditation of Community Development Finance Institutions) (Amendment) Regulations 2013
reg. 6(b)
reg. 2
The Community Investment Tax Relief (Accreditation of Community Development Finance Institutions) Regulations 2003
reg. 8(1)(d)
The Community Investment Tax Relief (Accreditation of Community Development Finance Institutions) (Amendment) Regulations 2013
reg. 6(b)
reg. 2
The Community Investment Tax Relief (Accreditation of Community Development Finance Institutions) Regulations 2003
reg. 12A
The Community Investment Tax Relief (Accreditation of Community Development Finance Institutions) (Amendment) Regulations 2013
reg. 7
reg. 2
The Community Investment Tax Relief (Accreditation of Community Development Finance Institutions) Regulations 2003
reg. 15A(1)
The Community Investment Tax Relief (Accreditation of Community Development Finance Institutions) (Amendment) Regulations 2013
reg. 9
reg. 2
The Community Investment Tax Relief (Accreditation of Community Development Finance Institutions) Regulations 2003
reg. 15B(1)
The Community Investment Tax Relief (Accreditation of Community Development Finance Institutions) (Amendment) Regulations 2013
reg. 10
reg. 2
The Community Investment Tax Relief (Accreditation of Community Development Finance Institutions) Regulations 2003
Sch. 1
para. 2(2)
The Community Investment Tax Relief (Accreditation of Community Development Finance Institutions) (Amendment) Regulations 2013
reg. 12(f)
reg. 2
The Community Investment Tax Relief (Accreditation of Community Development Finance Institutions) Regulations 2003
Sch. 1
para. 2(2)
The Community Investment Tax Relief (Accreditation of Community Development Finance Institutions) (Amendment) Regulations 2008
reg. 5(2)(f)
reg. 1
The Community Investment Tax Relief (Accreditation of Community Development Finance Institutions) Regulations 2003
reg. 15A-15E
The Community Investment Tax Relief (Accreditation of Community Development Finance Institutions) (Amendment) Regulations 2008
reg. 8
reg. 1
The Community Investment Tax Relief (Accreditation of Community Development Finance Institutions) Regulations 2003
reg. 10(2)-(4)
The Community Investment Tax Relief (Accreditation of Community Development Finance Institutions) (Amendment) Regulations 2008
reg. 9
reg. 1
The Community Investment Tax Relief (Accreditation of Community Development Finance Institutions) Regulations 2003
Sch. 1
para. 3A
The Community Investment Tax Relief (Accreditation of Community Development Finance Institutions) (Amendment) Regulations 2008
reg. 10
reg. 1
The Community Investment Tax Relief (Accreditation of Community Development Finance Institutions) Regulations 2003
reg. 12A(2)
The Secretaries of State for Energy Security and Net Zero, for Science, Innovation and Technology, for Business and Trade, and for Culture, Media and Sport and the Transfer of Functions (National Security and Investment Act 2021 etc) Order 2023
Sch.
para. 37(2)(b)
art. 17
art. 1(2)
The Community Investment Tax Relief (Accreditation of Community Development Finance Institutions) Regulations 2003
Sch. 1
para. 2
The Community Investment Tax Relief (Amendment of Investment Limits) Regulations 2023
reg. 4(a)
reg. 1
The Community Investment Tax Relief (Accreditation of Community Development Finance Institutions) Regulations 2003
reg. 12A(2)
The Secretaries of State for Business, Energy and Industrial Strategy, for International Trade and for Exiting the European Union and the Transfer of Functions (Education and Skills) Order 2016
Sch.
para. 27(b)
art. 13
art. 1(2)
SCHEDULE 1INVESTMENTS WHICH ARE NOT RELEVANT INVESTMENTS
General InvestmentsI12
1
Any loan to a profit-distributing enterprise—
a
which is not made on terms that are equivalent to those offered by conventional sources of finance, or
b
as a consequence of which, and for so long as, the total amount of loans to that enterprise exceeds £100,000 (“the £100,000 limit”).
2
Where the £100,000 limit is exceeded—
a
by two or more loans made on the same day, or
b
in any other circumstances where it is not possible to establish which loan caused the limit to be exceeded,
the Investment Director shall determine which of those loans shall not constitute relevant investments so that the amount of relevant investments in the enterprise approximates to but does not exceed the £100,000 limit.