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Legislation
Income Tax Act 2007

Chapter 3 Qualifying investments

  • Section 344 Qualifying investments: introduction
  • Section 345 Conditions to be met in relation to loans
  • Section 346 Conditions to be met in relation to securities
  • Section 347 Conditions to be met in relation to shares
  • Section 348 Tax relief certificates
  • Section 349 No pre-arranged protection against risks
  1. Chapter 3 · Qualifying investments
  2. Qualifying investments: introduction

Section 344 | Qualifying investments: introduction

From legislation.gov.uk

For the purposes of this Part the investment is a “qualifying investment” in the CDFI if—

(a)the investment consists of—

(i)a loan in relation to which the conditions of section 345 are met,

(ii)securities in relation to which the conditions of section 346 are met, or

(iii)shares in relation to which the conditions of section 347 are met,

(b)the investor receives from the CDFI a valid tax relief certificate in relation to the investment (see section 348), and

(c)the requirements of section 349 (no pre-arranged protection against risks) are met.

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