# Taxation of Chargeable Gains Act 1992, Paragraph 3


Trustees may make a sub-fund election only if—
(a) Conditions 1 to 4 are satisfied when the election is made, and
(b) Conditions 2 to 4 were satisfied throughout the period beginning with the time when the election is to be treated as having taken effect and ending immediately before the election is made.

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Source: https://www.legislation.gov.uk/ukpga/1992/12/schedule/4ZA/paragraph/3 (the official version)
Page: https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-4ZA/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.