Community investment tax relief may be withdrawn if, broadly, the investor (or any connected person) receives any value other than insignificant value from the CDFI (or any connected person) within the six-year period or period of restriction. The rules differ depending on whether the qualifying investment consists of a loan (see E3.645) or shares or securities (see E3.646); however the terms set out below apply to all the types of qualifying investment.
As regards the occasions on which the investor is treated as receiving value, the amount of value received and when value is received, see E3.647.
Six-year period or period of restriction
The 'period of restriction' is a term used in the legislation as originally enacted to define the relevant timeframe during which the receipt of value rules are in point;
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