Tax Relief: Corporate Investors - conditions for making a claim
CTA2010/Part 7/Chapter 1/s220
In order to make a claim to CITR a corporate investor must:
- consider that the conditions for relief are satisfied, and
- hold a tax relief certificate relating to the investment (CITM4060).
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), or
- the investor has itself become an accredited CDFI (see CITM6130).