HMRC’s "Italian Job": The UK Finance Bill and Taxation of Funds

9 December 2015
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Key takeaways

  • The UK government has published draft legislation today which will have a significant impact on the taxation of carried interest received by UK residents.
  • This client update seeks to outline the new rules and considers how carried interest arising from common fund strategies will be treated.
  • In addition to the new rules on the taxation of carried interest, this client update also summarises the other legislative proposals made in today’s publication that may affect investment professionals resident in the UK.