http://www.legislation.gov.uk/ukpga/2010/4/section/220Corporation Tax Act 2010An Act to restate, with minor changes, certain enactments relating to corporation tax and certain enactments relating to company distributions; and for connected purposes.texttext/xmlenStatute Law Database2026-04-16Expert Participation2026-03-18 Part 7Community investment tax reliefChapter 1Introduction<Emphasis>CITR</Emphasis>Form and amount of CITR2201If the investor is eligible for CITR in respect of the investment, the investor may make a claim in respect of the investment for any one or more of the relevant accounting periods.2If the investor makes a claim for a relevant accounting period, the investor is entitled to a reduction in the amount of its liability for corporation tax for that period.3The amount of that reduction for the relevant accounting period is 5% of the invested amount in respect of the investment for the period.4For the purposes of this section and section 220A the “relevant” accounting periods are—athe accounting period in which the investment date falls, andbeach of the accounting periods in which the subsequent 4 anniversaries of that date fall.5The investor is entitled to make a claim for CITR for a relevant accounting period if—athe investor considers that the conditions for the CITR are for the time being met, andbthe investor has received a tax relief certificate (see section 229) relating to the investment from the CDFI,but a claim may not be made before the end of the accounting period to which the claim relates.6Subsection (5) is subject to the following provisions—asection 236 (loans: no claim after disposal or excessive repayments or receipts of value),bsection 237 (securities or shares: no claim after disposal or excessive receipts of value),csection 238 (no claim after loss of accreditation by the CDFI), anddsection 239 (accreditation of investor).S. 220(3) substituted (with effect in accordance with Sch. 27 para. 12 of the amending Act) by Finance Act 2013 (c. 29), Sch. 27 para. 8(2)Words in s. 220(4) substituted (with effect in accordance with Sch. 27 para. 12 of the amending Act) by Finance Act 2013 (c. 29), Sch. 27 para. 8(3)