This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

Community investment tax relief manual

General conditions applying to investors and investments: Outline

The CITR scheme imposes a number of general conditions that must be satisfied by investors and investments. These conditions are that:

CITM5010 the investor must not control the community development finance institution (CDFI)
CITM5020 the investor must beneficially own the investment
CITM5030 the investor must not be an accredited CDFI 
CITM5040 where the CDFI is constituted as a partnership, the investment must not consist of capital contributed by the investors on becoming members of the CDFI, and
CITM5050 the investment must not be part of a tax avoidance scheme