Introduction Overview Overview Section 240: Attribution: general
863.This section sets out the general rules dealing with the attribution to the loan, securities or shares of the reduction in the investor’s corporation tax liability for any accounting period made as a result of the investor’s entitlement to CITR. It is based on paragraph 26(1) to (4), (7) and (8) of Schedule 16 to FA 2002.
864.Attribution is required for the purpose of determining the amount of the tax reduction which must be withdrawn or reduced in accordance with Chapter 5 of this Part.