Section 344 — Income Tax Act 2007: Qualifying investments: introduction

Qualifying investments: introduction 344 For the purposes of this Part the investment is a “qualifying investment” in the CDFI if—

a the investment consists of—

i a loan in relation to which the conditions of section 345 are met, ii securities in relation to which the conditions of section 346 are met, or iii shares in relation to which the conditions of section 347 are met, b the investor receives from the CDFI a valid tax relief certificate in relation to the investment (see section 348),

and c the requirements of section 349 (no pre-arranged protection against risks) are met.