��Ƶ

Home / Simons-Taxes /Personal and employment tax /Part E3 Reliefs for investors /Division E3.6 Community investment tax relief /CITR general conditions / E3.621 No control of CDFI

E3.621 No control of CDFI

Personal and employment tax

The investor is not entitled to tax relief under the CITR scheme if either he, or any person connected with him, controls the CDFI at any time during the five-year period (ie five years from the date of the investment)¹.

Meaning of 'control'

Where the CDFI is a company, the meaning of 'control' is determined by the rules set out in ITA 2007,

View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial

TAKE A FREE TRIAL

D6.503 International movement of capital—reportable transactions and events

E5.406A Employees of European Union institutions—tax exemptions

E4.507S Operation of the charge on securities with artificially enhanced market value

B4.130 Summary of OECD guidelines on arm's length principle

I3.367 Fall in value relief—changes in interests in land

C2.1020 Employment-related securities options and capital gains

I3.750 POAT—introduction to existing arrangements

D7.1140 Methods of leaving the REIT regime

E8.810 Application for a National Insurance number

B2.413 Car hire

E8.271 Liability for Class 1A contributions

D6.618 Capital treatment on a purchase of own shares—HMRC advance clearance and reporting obligations

C3.305 Rollover relief—time limit for acquisition of replacement assets

D3.410 Benefits provided by close companies to participators

E4.1167 Payments made after leaving and after issue of form P45

C3.1713 PPR relief where a dependent relative occupied the residence prior to 6 April 1988

B5.101 What is 'farming' and 'market gardening'

B3.306 Meaning of plant and machinery

C2.106 Deferred and contingent consideration on disposals

D4.104 Company residence and the case law test