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07 Aug 2015

The UK’s taxation of carried interest and performance allocations: a sea change

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Funds briefing note

On 8 July 2015 HMRC launched a consultation on the taxation of performance linked rewards paid to asset managers (including carried interest). The closing date for comments is 30 September 2015.

Fund managers and sponsors will need to monitor this consultation and consider responding because it is clear that the UK's approach to the taxation of carried interest, performance allocations and similar mechanisms is changing significantly. The proposed changes are likely to take effect from April 2016 and a fund's structure and the manager's rewards may need to be reconsidered.

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James Tinworth

James Tinworth
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