The Tax Treatment of Carried Interest – Call for Evidence
- From:
- HM Treasury
- Published
- 29 July 2024
- Last updated
-
305OctoberJune20242025 — See all updates
Read the full outcome
The Tax Treatment of Carried Interest - Government Response and Policy Update (June 2025)
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The taxTax treatmentTreatment of carriedCarried interestInterest – outcomeOutcome (October 2024)
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Detail of outcome
At Autumn Budget 2024, the Chancellor of the Exchequer announced the government’s proposals to reform the tax treatment of carried interest,interest. followingThe government also launched a callconsultation on potential new qualifying conditions for evidencethe revised carried interest tax regime that closed on 3031 August.January This2025. The ‘Government Response and Policy Update’ document summarises the responses to the call for evidence and sets out the government’s position. It also provides a wider update on the implementation of the revised regime following discussions with stakeholders.
Before that, an earlier call for evidence closed on 30 August 2024. The ‘Outcome’ document summarised the responses to the call for evidence and set out the government’s next steps.
Original call for evidence
Summary
The government has published a call for evidence, inviting views from stakeholders on its plans to reform the tax treatment of carried interest.
This call for evidence ran from
to
Call for evidence description
On 29 July, the Chancellor of the Exchequer announced a commitment to take action in respect of the ‘carried interest’ loophole. Carried interest is a form of performance-related reward received by fund managers, primarily within the private equity industry.
This call for evidence confirms the government’s intention to take action against the carried interest loophole, and forms the basis for detailed engagement with expert stakeholders. It also sets out a series of areas where we would particularly value input from stakeholders.
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Updates to this page
Published 29 July 2024
Last updated 305 OctoberJune 2024
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href="#full-history">+ show all updates
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Update history
2025-06-05 17:00
5 June 2025 – Government response to consultation on qualifying conditions and policy update, following the consultation launched at Autumn Budget 2024.
2024-10-30 13:52
Added call for evidence outcome.
2024-07-29 16:03
First published.
Detail of outcome
At Autumn Budget 2024, the Chancellor of the Exchequer announced the government’s proposals to reform the tax treatment of carried interest,interest. followingThe government also launched a callconsultation on potential new qualifying conditions for evidencethe revised carried interest tax regime that closed on 3031 August.January This2025. The ‘Government Response and Policy Update’ document summarises the responses to the call for evidence and sets out the government’s position. It also provides a wider update on the implementation of the revised regime following discussions with stakeholders.
Before that, an earlier call for evidence closed on 30 August 2024. The ‘Outcome’ document summarised the responses to the call for evidence and set out the government’s next steps.
Original call for evidence
Original call for evidence
Summary
The government has published a call for evidence, inviting views from stakeholders on its plans to reform the tax treatment of carried interest.
This call for evidence ran from
to
Summary
The government has published a call for evidence, inviting views from stakeholders on its plans to reform the tax treatment of carried interest.
This call for evidence ran from
to
Call for evidence description
On 29 July, the Chancellor of the Exchequer announced a commitment to take action in respect of the ‘carried interest’ loophole. Carried interest is a form of performance-related reward received by fund managers, primarily within the private equity industry.
This call for evidence confirms the government’s intention to take action against the carried interest loophole, and forms the basis for detailed engagement with expert stakeholders. It also sets out a series of areas where we would particularly value input from stakeholders.
Documents
Share this page
The following links open in a new tab
Updates to this page
Published 29 July 2024
Last updated 305 OctoberJune 2024
+ show2025
href="#full-history">+ show all updates
-
Sign up for emails or print this page
Update history
2025-06-05 17:00
5 June 2025 – Government response to consultation on qualifying conditions and policy update, following the consultation launched at Autumn Budget 2024.
2024-10-30 13:52
Added call for evidence outcome.
2024-07-29 16:03
First published.
Call for evidence description
On 29 July, the Chancellor of the Exchequer announced a commitment to take action in respect of the ‘carried interest’ loophole. Carried interest is a form of performance-related reward received by fund managers, primarily within the private equity industry.
This call for evidence confirms the government’s intention to take action against the carried interest loophole, and forms the basis for detailed engagement with expert stakeholders. It also sets out a series of areas where we would particularly value input from stakeholders.
Documents
Share this page
The following links open in a new tab
Updates to this page
Sign up for emails or print this page
Update history
2025-06-05 17:00
5 June 2025 – Government response to consultation on qualifying conditions and policy update, following the consultation launched at Autumn Budget 2024.
2024-10-30 13:52
Added call for evidence outcome.
2024-07-29 16:03
First published.