Corporation Tax Act 2010 section 218

Meaning of "CITR"

Section 218 provides a general description of community investment tax relief (CITR), which gives companies entitlement to tax reductions for investments made in community development finance institutions.

  • CITR stands for community investment tax relief
  • It provides entitlement to tax reductions for qualifying companies
  • The relief relates to amounts invested in community development finance institutions
  • This section establishes the definition of "CITR" used throughout Part 7 of the Act

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