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Section 103KF: Relief for external investors on disposal of partnership asset

Taxation of Chargeable Gains Act 1992 · 1992 c. 12View on legislation.gov.uk

Part III: Individuals, partnerships, trusts and collective investment schemes etc — Chapter 5: Carried interest

If—

a chargeable gain accrues to an external investor in an investment scheme on the disposal of one or more partnership assets, and
the external investor makes a claim for relief under this section,

then subsection (2) applies in relation to the disposal.

The amount of the chargeable gain is to be reduced by an amount equal to—

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Reuse reviewed 21 August 2026 under Open Government Licence v3.0.