E3.648 Receipts Of Value Where More Than One Investment

Home / Simons-Taxes /Personal and employment tax /Part E3 Reliefs for investors /Division E3.6 Community investment tax relief /Withdrawal of relief / E3.648 Receipts of value where more than one investment

Commentary

Personal and employment tax

Where an investor, who has more than one investment on which community investment tax relief has been obtained, receives value within the periods of restriction for more than one of those investments, the value is allocated pro rata to the amount of each investment for the year in which value is received¹.

Specifically, this applies where:

��
(a)�� the investor makes two or more investments in the CDFI concerned (being investments for which the investor is eligible for, and claims, relief); and
��
(b)�� the investor receives value (other than value arising where the CFDI repays, redeems or repurchases any securities or shares included in the investment) which is received

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

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

B3.325 General exclusions—first-year qualifying expenditure

A4.204 Claims procedure—corporation tax

B5.301 Intellectual property—overview

I9.421 Situs of simple contract debts for IHT

��Ƶ