The tax rate on ‘carried interest’, which represents the portion of profits that private equity managers receive from successful deals, currently stands at 28%.
In a call for evidence outcome document published alongside the Budget, the government said that beyond initial changes to the applicable CGT rates, it also intends to introduce a revised tax regime for carried interest.
Autumn Budget 24: Government to raise taxes by £40bn to plug UK
“The result will be a regime which is simpler, fairer and more stable – ensuring that fund managers pay their fair share of tax while recogn…