# Taxation of Chargeable Gains Act 1992, Paragraph 11


(1) This paragraph applies if—
(a) an election under paragraph 8 has effect in relation to an offshore collective investment vehicle, and
(b) as a result of the election, Part 3 or 4 of Schedule 4AA would (but for this paragraph) apply in relation to a disposal made by a participant in the vehicle.
(2) The disposal is to be regarded for the purposes of Schedule 4AA as if it were one to which Part 2 of that Schedule applies.

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Source: https://www.legislation.gov.uk/ukpga/1992/12/schedule/5AAA/paragraph/11 (the official version)
Page: https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-5AAA/paragraph-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.