Section 219 | Eligibility for CITR

(1)A company (“the investor”) which makes an investment (“the investment”) in a body is eligible for CITR in respect of the investment if—

(a)at the time the investment is made the body is accredited as a community development finance institution under Chapter 2 of Part 7 of ITA 2007,

(b)the investment is a qualifying investment (see Chapter 2 of this Part), and

(c)the general conditions of Chapter 3 of this Part are met.

(2)In this Part references to “the CDFI” are to the body in which the investment is made.