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1. www.gov.uk › guidance › community-investment-tax-reliefCommunity Investment Tax Relief - GOV.UK

   www.gov.uk › guidance › community-investment-tax-relief

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   Feb 16, 2023 · The Community Investment Tax Relief scheme encourages investment in disadvantaged communities by giving tax relief to investors who back businesses (and other enterprises) in less...

2. responsiblefinance.org.uk › the-communityCommunity Investment Tax Relief (CITR) - Responsible Finance

   responsiblefinance.org.uk › the-community

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   What is CITR? The Community Investment Tax Relief (CITR) scheme encourages investment in disadvantaged communities by giving tax relief to investors who back businesses and other enterprises in less advantaged areas by investing in accredited Community Development Finance Institutions (CDFIs).

3. www.hmrc.gov.uk › gds › citCITM9900 - CITR: A brief guide for investors - HMRC

   www.hmrc.gov.uk › gds › cit

   This guide is part of HMRC’s Community Investment Tax Relief Manual (CITM), which can be accessed on our website at www.hmrc.gov.uk, and at HMRC Enquiry Centres. This guide outlines: • what the...

4. www.gov.uk › government › publicationsHS237 Community Investment Tax Relief (2022) - GOV.UK

   www.gov.uk › government › publications

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   Apr 6, 2022 · This helpsheet explains how individuals can claim tax relief under the Community Investment Tax Relief (CITR) scheme. It also gives some background information about the scheme and highlights...

   • Tax relief under the CITR scheme is available to individuals or companies who invest in accredited Community Development Finance Institutions (CDFI...
   • You cannot make a formal claim to relief for an investment until you’ve received a Tax Relief Certificate from the CDFI and the tax year to which t...
   • The amount of tax relief due to you under the CITR scheme is worked out by reference to the ‘invested amount’. In the case of investments that are...
   • Although you cannot formally claim CITR until after the end of the relevant tax year, there are 2 ways you can effectively get the benefit of the r...
   • A CDFI will not issue you with a Tax Relief Certificate unless an investment satisfies the rules of the scheme as they apply to the CDFI. But there...
   • Online forms, phone numbers and addresses for advice on Self Assessment.

5. assets.publishing.service.gov.uk › media › 5a7a3fb7Community investment tax relief - GOV.UK

   assets.publishing.service.gov.uk › media › 5a7a3fb7

   The current law allows both individuals and companies to invest in CDFIs by way of equity or loan and to receive a tax relief of 5 per cent of the amount invested over a period of 5 years as...

6. www.gov.uk › government › publicationsCommunity Investment Tax Relief — expansion - GOV.UK

   www.gov.uk › government › publications

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   May 11, 2023 · SI2003/96 requires that, as a condition of accreditation, a CDFI must deploy specified proportions of its investment fund in ‘relevant investments’ in qualifying enterprises and defines...

7. People also ask

   What is the community investment tax relief scheme?

   • Find out about the Community Investment Tax Relief scheme if you invest in accredited community development finance institutions. The Community Investment Tax Relief scheme encourages investment in disadvantaged communities by giving tax relief to investors who back businesses (and other enterprises) in less advantaged areas.

   Community Investment Tax Relief - GOV.UK

   www.gov.uk/guidance/community-investment-tax-relief

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   What is community investment tax relief (CiTR)?

   • What is CITR? The Community Investment Tax Relief (CITR) scheme encourages investment in disadvantaged communities by giving tax relief to investors who back businesses and other enterprises in less advantaged areas by investing in accredited Community Development Finance Institutions (CDFIs).

   Community Investment Tax Relief (CITR) - Responsible Finance

   responsiblefinance.org.uk/the-community-investment-tax-relief-citr/community-investment-tax-relief-citr/

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   How long is community investment tax relief?

   • The relief is spread over 5 years, starting with the year in which the investment is made. If you are a tax practitioner or work within community development finance institutions, you can find out more in the Community investment tax relief manual.

   Community Investment Tax Relief - GOV.UK

   www.gov.uk/guidance/community-investment-tax-relief

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   Can I claim CiTR If I invest in community development projects?

   • By claiming CITR, investors can enjoy a significant reduction in their tax liability, with up to 25% of their investment eligible for tax relief. This relief can be claimed over five years, providing a tangible financial incentive for supporting community development projects.

   What is Community Investment Tax Relief (CITR)? - Accounting Firms

   www.accountingfirms.co.uk/blog/community-investment-tax-relief/

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   Is community investment tax relief a state aid?

   • 4.2 Community Investment Tax Relief was an approved State aid but following discussions with the European Commission is now a de minimis State aid. Included in the consequent changes to CTIR is a new limits as to the amount of equity investment that can be made by a CDFI into a qualifying enterprise.

   Community investment tax relief - GOV.UK

   assets.publishing.service.gov.uk/media/5a7a3fb7ed915d1a6421c1e2/community_investment_tax_relief.pdf.pdf

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   What are the new investment terms for a community development finance institution (CDFI)?

   • It introduces new investment terms for a Community Development Finance Institution (CDFI), allowing 12 months from the date of the first investment is received to meet the onward investment criteria, and anniversaries therefrom, as opposed to the current 12 months from accreditation and anniversaries therefrom.

   Community investment tax relief - GOV.UK

   assets.publishing.service.gov.uk/media/5a7a3fb7ed915d1a6421c1e2/community_investment_tax_relief.pdf.pdf

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8. www.accountingfirms.co.uk › blog › communityWhat is Community Investment Tax Relief (CITR)?

   www.accountingfirms.co.uk › blog › community

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   By claiming CITR, investors can enjoy a significant reduction in their tax liability, with up to 25% of their investment eligible for tax relief. This relief can be claimed over five years, providing a tangible financial incentive for supporting community development projects.