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HMRC internal manual

Community investment tax relief manual

HM Revenue & Customs
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Tax Relief: Individual Investors - conditions for making a claim


In order to make a claim an individual investor must:

  • consider that the conditions for relief are satisfied, and
  • hold a tax relief certificate (see CITM4060) relating to the investment.

But claims may not be made if:

  • the investment consists of a loan that has been disposed of, or that has been repaid (either directly or through other “value received”) to an extent that exceeds prescribed limits (see CITM6100), or
  • the investment consists of shares or securities that have been disposed of, or in relation to which “value received” exceeds prescribed limits (see CITM6110), or
  • the CDFI in which the investment was made has lost its accreditation (see CITM6120).