CTA2010/Part 7/Chapter 5/S247; CTA2010/Part 7/Chapter 5/S252; ITA/s364, ITA/s369

Withdrawal of Relief

Where the investment eligible for relief under the CITR scheme consists of shares or securities relief is withdrawn if

the investor receives value (see CITM7060) from the community development finance institution (CDFI) during the six year period (the period of restriction) commencing one year before the investment date,

the investment (or part of it) is held by the investor when the value is received and has been held continuously by him as beneficial owner since it was made (this is known as the continuing investment), and

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