SCHEDULES

SCHEDULE 16Community investment tax relief

Part 1Introduction

1Eligibility for tax relief

1

An individual or company (“the investor”) that makes an investment (“the investment”) in a body is eligible for relief in respect of the investment if—

a

that body is accredited as a community development finance institution under this Schedule at the time the investment is made (see Part 2);

b

the investment is a qualifying investment (see Part 3); and

c

the general conditions of Part 4 are satisfied.

2

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