Phase 4: HART Delivery

Tour of the HART Credit

Step 7: HART Credits are earned

The property now completed and all conditions of the HART allocation having been met, the sponsor then returns to the allocators, who confirms completion and issues the actual HART Credit award a schedule or Inland-Revenue-approved form that calculates the specific HART Credit earned and can be attached to the relevant tax return. The sponsor delivers this to its investor.

Step 8: HART reduces investor's taxes

The investor attaches the HART Credit schedule or form to its tax return, and reduces its taxes payable to Inland Revenue. The entire transaction is now complete.