CITM7060 - Withdrawal of Relief: Value received
The CITR rules prevent an investor obtaining relief for any
investment in a Community Development Finance Institution (CDFI) if
the money invested is returned to the investor in some other form.
Without such rules, investors could obtain tax relief without
losing the use of their money.
The relevant guidance and legislation is:
| CITM7070
| Value received in respect of loans | FA02/SCH16/PARA31
ITA/s363 |
| CITM7080 | Value received in respect of shares & securities | FA02/SCH16/PARA32
ITA/s364 |
| CITM7090 | Meaning of ‘period of restriction’ & ‘the 6 year period’ | FA02/SCH16/PARA33
ITA/s359 |
| CITM7100 | Treatment for aggregating insignificant receipts that would otherwise be disregarded | FA02/SCH16/PARA34
ITA/s365 |
| CITM7110 | Determining when value is received | FA02/SCH16/PARA35
ITA/s366 |
| CITM7110 | Determining the amount of value received | FA02/SCH16/PARA36
ITA/s367 |
| CITM7130 | Allocating value received across multiple investments | FA02/SCH16/PARA37
ITA/s368 |
| CITM7080 | Effect on future claims to relief | FA02/SCH16/PARA38
ITA/s369 |
| CITM7140 | Receipts by and from connected persons | FA02/SCH16/PARA39
ITA/s370 |
