[863J Vesting of remuneration represented by the allocated profit]
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

[863J  Vesting of remuneration represented by the allocated profit]

[(1)     Subsection (2) applies if all or a part of the variable remuneration represented by the allocated profit vests in P at a time when P is carrying on the AIFM trade (whether as a partner in the AIFM firm or otherwise).

(2)     The amount given by subsection (5) is treated as a profit of the relevant tax year (see subsection (7)) made by P in the AIFM trade chargeable to income tax under Chapter 2 of Part 2.

(3)     Subsection (4) applies if all or a part of the variable remuneration represented by the allocated profit vests in P at a time when

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