Dating back to the 16th century, carried interest is a remuneration structure favoured by private equity executives that has recently come under public scrutiny in the UK. The Labour Party has suggested that, should it win the next general election, it would tax carried interest as income.
The STEP Journal, Issue 5 2023 has been published, featuring an article written by Mishcon Private's Patrick Harney and Christopher Eames, outlining tax and estate planning considerations for carried interest, including the application and benefits of excluded property trust planning and also the implications for income and capital gains tax on the way in and going forward.
Read the article in full.