[809FZS Conditionally exempt carried interest]
Income Tax Act 2007 (2007 c 3) | Legislation

[Conditionally exempt carried interest]

[809FZS  Conditionally exempt carried interest]

[(1)     Carried interest which—

(a)     arises to an individual from an investment scheme, and

(b)     is conditionally exempt from income tax,

is to be treated as if it were not income-based carried interest to any extent.

(2)     Carried interest is conditionally exempt from income tax if Conditions A to D are met.

(3)     Condition A is that the carried interest arises to the individual in the period of—

(a)

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