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CITM6060 | Tax Relief: Corporate Investors - conditions for making a claim

From HM Revenue & Customs · Community investment tax relief manual

CTA2010/Part 7/Chapter 1/s220

In order to make a claim to CITR a corporate investor must:

  • consider that the conditions for relief are satisfied, and

  • hold a tax relief certificate relating to the investment (CITM4060).

But claims may not be made if:

  • the investment consists of a loan that has been disposed of, or that has been repaid (either directly or through other ‘value received’) to an extent that exceeds prescribed limits (see CITM6100), or

  • the investment consists of shares or securities that have been disposed of, or in relation to which ‘value received’ exceeds prescribed limits (see CITM6110 ), or

  • the CDFI in which the investment was made has lost its accreditation (see CITM6120 ), or

  • the investor has itself become an accredited CDFI (see CITM6130 ).