Related Commentary  

361(1)  This section applies if the investment consists of securities or shares and–

(a)the investor disposes of the whole or any part of the investment (“the former investment” ) within the 5 year period,

(b)the CDFI has not ceased to be accredited before the disposal, and

(c)the disposal does not arise as a result of an event within section 366(1)(a) (repayment, redemption or repurchase of securities or shares included in the investment).

361(2)  If the disposal is not a qualifying disposal, any CITR attributable to the former investment in respect of any tax year must be withdrawn.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.