Corporation Tax Act 2010 section 219

Eligibility for CITR

Section 219 sets out the conditions a company must meet to be eligible for Community Investment Tax Relief (CITR) when it invests in a community development finance institution.

  • The body receiving the investment must be accredited as a community development finance institution (CDFI) at the time the investment is made
  • The investment itself must be a qualifying investment as defined elsewhere in the legislation
  • Certain general conditions relating to the investor and the investment must also be satisfied
  • CDFIs may be classified as either "retail" or "wholesale", which affects the limits on the total value of investments they can accept

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