[103KFA Election for carried interest gains to be chargeable as scheme profits arise]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[103KFA  Election for carried interest gains to be chargeable as scheme profits arise]

[(1)     An individual (“A”) may make an election under this section in respect of an investment scheme (“the relevant scheme”) if—

(a)     section 103KA applies in relation to A and the relevant scheme, or

(b)     it is reasonable to expect that it will apply in relation to A and the relevant scheme.

(2)     Subsection (3) applies for a tax year (“the relevant tax year”) where an election made under this section has effect for that tax year.

(3)     A chargeable gain is deemed to arise to A in the relevant tax year and is to be treated as accruing to A immediately before the end of the relevant tax year.

(4)     The amount

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