Foundation East will issue a tax certificate to investors, which will include their name or company name (if applicable), address and size of shareholding in Foundation East. Whilst an investor does not have to submit the tax certificate to HMRC, they will have to claim the tax relief themselves. Foundation East is not able to do this on their behalf.
Individual investors should claim relief on their Self Assessment tax return for each tax year for which the relief is due. If the investor does not normally complete a tax return, they will need to request one from HMRC. Tax relief should be claimed annually, at the end of the tax year to which the claim relates has ended, using the CITR tax certificate information.
A corporate investor should claim its CITR tax relief as part of its corporate tax return for each appropriate accounting period.
Further information on CITR and how it can be claimed by investors can be found on the government website