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Written question asked by Lord Mendelsohn (Labour) on Monday, 14 December 2020, in the House of Lords. It was due for an answer on Wednesday, 30 December 2020. It was answered by Lord Agnew of Oulton (Conservative) on Wednesday, 30 December 2020 on behalf of the Treasury.


Private Equity: Taxation

Question

To ask Her Majesty's Government what assessment they have made of the taxation of carried interest.

Answer

The UK’s approach to the taxation of carried interest is in line with the approaches currently taken by other G7 countries.

It is a balanced approach, which recognises that the hybrid nature of carried interest limits capital gains treatment to carried interest relating to long-term investments. The government keeps all taxes under review.


Secondary information

Type
Written question
Reference
HL11419
Session
2019-21
Subjects
Taxation Private equity
Link
View this Written question on www.parliament.uk