SolvedCITM7060 | Withdrawal of relief: Value received
From HM Revenue & Customs · Community investment tax relief manual
The CITR rules prevent an investor obtaining relief for any investment in a community development finance institution (CDFI) if the money invested is returned to the investor in some other form. Without such rules, investors could obtain tax relief without losing the use of their money.
The relevant guidance and legislation is:
| Guidance page | Title | Legislation |
|---|---|---|
| CITM7070 | Value received in respect of loans | CTA2010/S246\nITA/s363 |
| CITM7080 | Value received in respect of shares & securities | CTA2010/S247\nITA/s364 |
| CITM7090 | Meaning of period of restriction & the six year period | CTA2010 S242\nITA/s359 |
| CITM7100 | Treatment for aggregating insignificant receipts that would otherwise be disregarded | CTA2010/S248\nITA/s365 |
| CITM7110 | Determining when value is received | CTA2010/S249\nITA/s366 |
| CITM7110 | Determining the amount of value received | CTA2010/S250\nITA/s367 |
| CITM7130 | Allocating value received across multiple investments | CTA2010/S251\nITA/s368 |
| CITM7080 | Effect on future claims to relief | CTA2010/252\nITA/s369 |
| CITM7140 | Receipts by and from connected persons | CTA2010/S253\nITA/s370 |