345 Conditions to be met in relation to loans
Income Tax Act 2007 (2007 c 3) | Legislation

345  Conditions to be met in relation to loans

(1)     Condition A of this section is that either—

(a)     the CDFI receives from the investor, on the investment date, the full amount of the loan, or

(b)     if the loan agreement authorises the CDFI to draw down amounts of the loan over a period of time, the end of that period is not later than 18 months after the investment date.

(2)     Condition B is that the loan must not carry

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