Related Commentary  

203(1)  In this section “election” means election under section 200 or 202.

203(2)  An election must be made by being included (whether by amendment or otherwise) in the disadvantaged person's company tax return for the chargeable period in which the relevant security is issued.

203(3)  An election is irrevocable.

203(4)  An election has effect in relation to each of the affected persons for the chargeable period in which the relevant security is issued and all subsequent chargeable periods.

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