Income Tax Act 2007 (c. 3)

Part 7 U.K. Community investment tax relief

Chapter 1 U.K. Introduction

CITR U.K.

334 Eligibility for CITR U.K.

(1) An individual (“the investor”) who makes an investment (“the investment”) in a body is eligible for CITR in respect of the investment if—

(a) that body is accredited as a community development finance institution under Chapter 2 at the time the investment is made,

(b) the investment is a qualifying investment (see Chapter 3), and

(c) the general conditions of Chapter 4 are met.

(2) In this Part references to “the CDFI” are to the body in which the investment is made.