Other tax relief deductions 09 - Community Investment Tax Relief

To qualify for Community Investment Tax Relief:

• your investment in a Community Development Finance Institution within the Community Investment Tax Relief scheme must have been made before 5 April 2020
• you must have received a tax relief certificate in respect of the investment
• you must retain the investment for at least five years and satisfy the other rules of the scheme

If you satisfy all these rules, you will be able to claim tax relief in respect of the same investment for 5 consecutive years, the first being the one when the investment was first made. You must claim annually on your Tax Return.

More information is available in Helpsheet 237 - Community Investment Tax Relief - relief for individuals.

The amount of relief for each year is the smaller of:

• 5% of the amount invested and which remains invested
• the amount that reduces your tax bill to zero for that year

Enter the amount on which relief is claimed, the actual amount invested.