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Legislation
Corporation Tax Act 2010

Chapter 3 General conditions

  • Section 231 No control of CDFI by investor
  • Section 232 Investor must have beneficial ownership
  • Section 233 Investor must not be accredited
  • Section 234 No acquisition of share in partnership
  • Section 235 No tax avoidance purpose
  1. Chapter 3 · General conditions
  2. Investor must have beneficial ownership

Section 232 | Investor must have beneficial ownership

From legislation.gov.uk

(1)The investor must be the sole beneficial owner of the investment when it is made.

(2)If the investment consists of a loan, the person beneficially entitled to repayment of the loan is treated as the beneficial owner of the loan for the purposes of this Part.

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