[103KFD Deemed accrual of loss where carried interest never arises]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[103KFD  Deemed accrual of loss where carried interest never arises]

[(1)     Subsection (3) applies where—

(a)     an individual has made an election under section 103KFA,

(b)     the individual has accrued a chargeable gain treated as accruing under section 103KFA(3), and

(c)     the conditions in subsection (2) are met.

(2)     Those conditions are that—

(a)     all, or substantially all, of the investments of the relevant scheme have been disposed of,

(b)     the amount of carried interest that has arisen

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