Carried interest: rates of Capital Gains Tax
This measure increases the rates of Capital Gains Tax on carried interest.
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Linked documents
- Policy Paper Capital Gains Tax: Rates of tax — carried interest
▤ Verbatim text from source document
As part of a package of reforms to the taxation of carried interest, a performance-related reward received by fund managers, this measure consolidates the normal and higher rates of Capital Gains Tax on carried interest into a single unified rate of 32% from April 2025. From April 2026, carried interest will be subject to a revised regime within the Income Tax framework.