It's grammatically correct. The helping verb would always be contracted to I've in spoken English.

Student or Learner
Is this correct:
I'll take care of it when I have got time.
It's grammatically correct. The helping verb would always be contracted to I've in spoken English.
I am not a teacher.
I would be more likely to omit the "got."
... when I have time / when I have the time [to do the task].
I'm not a teacher, but I write for a living. Please don't ask me about 2nd conditionals, but I'm a safe bet for what reads well in (American) English.
I'm more likely to stick in an article if I include 'got'.
I'll take care of it when I've got the time.
Wear short sleeves! Support your right to bare arms!
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