Community investment tax relief may be withdrawn or reduced where there is a receipt of value by the investor (or connected person) from the CDFI (or connected person) in connection with an investment consisting of securities or shares.
Withdrawal of relief
Any relief attributable to a continuing investment for any tax year (or, for company investors, accounting period) must be withdrawn where the investment consists of securities or shares if:
- Ìý
(a)ÌýÌýÌýÌý the investor receives any value, other than insignificant value, from the CDFI during the six-year period or period of restriction (see E3.644);
- Ìý
(b)ÌýÌýÌýÌý the investment (or part of it) is held by the investor
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Web page updated on 17 Mar 2025 17:42