Part 7Community investment tax relief
Chapter 3General conditions
234No acquisition of share in partnership
1
If the CDFI is a partnership, the investment must not consist of or include any amount of capital contributed by the investor on becoming a member of the partnership.
2
For this purpose the amount of capital contributed by the investor on becoming a member of the partnership includes any amount which—
a
purports to be provided by the investor by way of loan capital, and
b
is accounted for as partners' capital in the accounts of the partnership.