Section 334 Eligibility for CITR
(1)
An individual (“the investor”) who makes an investment (“the investment”) in a body is eligible for CITR in respect of the investment if—
(a)
that body is accredited as a community development finance institution under Chapter 2 at the time the investment is made,
(b)
the investment is a qualifying investment (see Chapter 3), and
(c)
the general conditions of Chapter 4 are met.
(2)
In this Part references to “the CDFI” are to the body in which the investment is made.
Notes on Part 7
Modifications
- C1
Pt. 7 modified by 2005 c. 7, s. 54A (as inserted (10.7.2008) by The Alternative Finance Arrangements (Community Investment Tax Relief) Order 2008 (S.I. 2008/1821), arts. 1, 2)