Corporation Tax Act 2010 section 250

The amount of value received

Section 250 sets out how to calculate the amount of value received by an investor for the purposes of the Community Investment Tax Relief (CITR) rules, depending on the type of transaction that has taken place.

• The amount of value received is determined by matching each type of transaction (such as receiving money, having a liability discharged, or receiving a benefit) to a specific measurement rule.
• For loans or advances, the value received is the loan amount less any repayments made before the investment date; for benefits or facilities, it is the cost to the CDFI less any consideration given by the investor or associates.
• For asset disposals or acquisitions, the value received is the difference between the market value of the asset and any consideration actually paid or received.
• Where a benefit or facility is provided to a director, employee, or their associate, consideration given by those persons can also be deducted when calculating the value received.