Part 13Tax avoidance
F1CHAPTER 5FIncome-based carried interest
Supplementary
809FZXTreasury regulations
1
The Treasury may by regulations make—
a
provision relating to the calculation of the average holding period in some or all cases;
b
provision repealing, or restricting the application of, section 809FZU (employment-related securities).
2
The provision referred to in subsection (1)(a) includes in particular—
a
provision for a method of calculating that period which is different from that in section 809FZC;
b
provision as to what is and is not to be regarded as an investment;
c
provision as to when an investment is to be regarded as made or disposed of;
d
anti-avoidance provision.
3
Regulations under this section may—
a
amend this Chapter;
b
make different provision for different purposes;
c
contain incidental, supplemental, consequential and transitional provision and savings.
Pt. 13 Ch. 5F inserted (with effect in accordance with s. 37(4) of the amending Act) by Finance Act 2016 (c. 24), s. 37(2)