[809FZC Average holding period]
Income Tax Act 2007 (2007 c 3) | Legislation

[Average holding period]

[809FZC  Average holding period]

[(1)     The average holding period of an investment scheme, in relation to a sum of carried interest, is the average length of time for which relevant investments have been held for the purposes of the scheme.

(2)     In this section, “relevant investments” means investments—

(a)     which are made for the purposes of the scheme, and

(b)     by reference to which the carried interest is calculated.

(3)     The average holding period is calculated by reference to the time the carried interest arises.

(4)

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