1. These Regulations may be cited as the Community Investment Tax Relief (Accreditation of Community Development Finance Institutions) Regulations 2003 and shall come into force on 13th February 2003.
Commencement Information
I1Reg. 1 in force at 13.2.2003, see reg. 1
2. In these Regulations—
“accreditation” means accreditation as a community development finance institution;
“the Board” means the Commissioners of Inland Revenue;
“CDFI” means a body accredited as a community development finance institution under Schedule 16 to the Finance Act 2002;
“the five year period” has the meaning given in paragraph 3 of Schedule 16 to the Finance Act 2002;
“the Investment Director” means the Investment Director of the Small Business Service;
“investment” has the meaning given in paragraph 2 of Schedule 16 to the Finance Act 2002;
“investment fund” has the meaning given in regulation 9;
“notice” means notice in writing;
“qualifying enterprise” has the meaning given in regulation 10;
“qualifying investment” has the meaning given in paragraph 8 of Schedule 16 to the Finance Act 2002;
“relevant investment” has the meaning given in regulation 11;
“residential property” has the meaning given in Annex D of the Material Concerning the Accreditation of Community Development Finance Institutions published by the Secretary of State;
“retail community development finance institution” shall be construed in accordance with paragraph 4(6) and (7) of Schedule 16 to the Finance Act 2002;
“the Small Business Service” means the entity so named being an executive agency of the Department of Trade and Industry;
“tax relief certificate” has the meaning given in paragraph 12(1) of Schedule 16 to the Finance Act 2002.
Commencement Information
I2Reg. 2 in force at 13.2.2003, see reg. 1