CITM - Recent updates to the Community Investment Tax Relief Manual
Below are details of the amendments that were published on
5 August 2008 (see the
update index for all updates).
| Section | Title and details of update |
| CITM1030 | CITR scheme: Legislation – Updated to reflect SI2008/1821 – Alternative Finance Arrangements (Community Investment Tax Relief) Order |
| CITM3030 | Investment by CDFI: Meaning of ‘relevant investment’ – amended to take account of SI2008/1821 – Alternative Finance Arrangements (Community Investment Tax Relief) Order |
| CITM4010 | Qualifying Investments: Meaning of ‘qualifying investment’ - amended to take account of SI2008/1821 – Alternative Finance Arrangements (Community Investment Tax Relief) Order |
| CITM4020 | Qualifying Investments: Loans – Cross reference to new material at CITM7122 |
| CITM4300+ | Alternative Finance Arrangements - New section covering SI2008/1821 - Alternative Finance Arrangements (Community Investment Tax Relief) Order. How certain Sharia's complaint finance arrangements are accommodated within CITR scheme |
| CITM7122 | Withdrawal of Relief: When value is not received – deposits by CDFI in the course of ordinary banking arrangements – New material following Finance Act 2008. Deposits made by a CDFI to an investor that is a bank – not ‘receipt of value’. |
