The Summer Budget: Changes to the UK Tax Treatment of Carried Interest

October 01, 2015

The Chancellor of the Exchequer’s recent Summer Budget and the related legislation introduced a series of unexpected tax changes along with the promise of further changes to come. Shortly after the Summer Budget was issued Dechert published an OnPoint describing some of the most important points in the Budget which affect the private equity and investment management industry. This article is an updated version of that OnPoint and includes information with respect to the draft legislation released after the Summer Budget. One of the most significant proposed changes would subject to UK taxation carried interest payments to non-UK domiciled executives working in the UK.

Read "The Summer Budget: Changes to the UK Tax Treatment of Carried Interest."