Question to the HM Treasury:

To ask Her Majesty’s Government whether they have received any representations to change the tax advantages for the private equity industry on the treatment of "carry" as a capital gain; and if so, whether any of those representations have supported changes in the tax position to encourage longer-term funds with 10 year investment horizons.

Treasury Ministers and officials meet with, and receive, representations from, a wide range of organisations and individuals in the public and private sectors, as part of the usual policy making process. As was the case with previous Administrations, it is not the Treasury’s practice to provide details of all such representations.