18 April 2016

Finance Bill 2016: Performance related returns

This article was first published on Lexis®PSL Tax on 5 April 2016. Click for a free trial of Lexis®PSL.

Stephen Pevsner, London Tax Partner, is featured in the article published on Lexis®PSL Tax on 5 April 2016 discussing the latest version of the income based carried interest rules published as part of the draft Finance Bill. These rules are the final element of the comprehensive overhaul of the taxation of UK-based investment fund managers implemented over the past year and, specifically, operate to determine the extent to which carried interest receipts are taxed as investment returns (as has traditionally been the case) and to what extent they will be taxed as trading income.

Download the full article (pdf format).

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