Private Equity: Taxation

(asked on 14th December 2020) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government what assessment they have made of the taxation of carried interest.


Answered by
 Portrait
Lord Agnew of Oulton
This question was answered on 30th December 2020

The UK’s approach to the taxation of carried interest is in line with the approaches currently taken by other G7 countries.

It is a balanced approach, which recognises that the hybrid nature of carried interest limits capital gains treatment to carried interest relating to long-term investments. The government keeps all taxes under review.

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