{
  "url": "https://openlegislation.uk/corporation-tax-act-2010/section-243",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2010/section-243.json",
  "legislation": "ukpga/2010/4",
  "legislation_title": "Corporation Tax Act 2010",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2010",
  "path": "section/243",
  "kind": "section",
  "number": "243",
  "heading": "Disposal of loan during 5 year period",
  "text": "(1) If the investment consists of a loan and within the 5 year period—\n(a) the investor disposes of the whole of the investment, otherwise than by way of a permitted disposal, or\n(b) the investor disposes of a part of the investment,\nany CITR attributable to the investment in respect of any accounting period must be withdrawn.\n(2) For the purposes of this section—\n(a) a disposal is “permitted” if—\n(i) it is by way of a distribution in the course of dissolving or winding up the CDFI,\n(ii) it is a disposal within section 24(1) of TCGA 1992 (entire loss, destruction, dissipation or extinction of asset),\n(iii) it is a deemed disposal under section 24(2) of that Act (claim that value of asset has become negligible), or\n(iv) it is made after the CDFI has ceased to be accredited under Chapter 2 of Part 7 of ITA 2007, and\n(b) a full or partial repayment of the loan is not treated as giving rise to a disposal.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/4/section/243",
    "retrieved_at": "2026-10-29T09:10:29.433154+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}