The tax rate on ‘carried interest', which represents the portion of profits that private equity managers receive from successful deals, currently stands at 28%. Private equity executives, lobbying groups and advisers had feared that the chancellor would tax all carried interest as income, or that some carried interest would be reclassified as income rather than capital gains. Autumn Budget 24: Reeves promises to meet changed fiscal rules by 2030 As shadow chancellor, Reeves said fund managers were being «handed a tax break as they asset-strip some of our most valued businesses». ...
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