Emily Szasz and May Smith (Freshfields Bruckhaus Deringer) consider the potential impact of these changes on private equity funds and their management teams.
Private equity funds and their management teams will be holding their breath to see what comes out of the chancellor’s red box at the Autumn Budget. The hole in the public finances left by pandemic spending will need to be filled somehow and recent press reports suggest that the Treasury is considering (among other measures) increasing CGT rates so that individuals’ capital gains are taxed at the same rate as income. These reports come hot on the heels of the announcement in July of a new Office of Tax Simplification review into CGT.
The Treasury does not consult on rate changes and the press reports are based on leaked briefings (and reportedly face opposition from No 10)....
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Emily Szasz and May Smith (Freshfields Bruckhaus Deringer) consider the potential impact of these changes on private equity funds and their management teams.
Private equity funds and their management teams will be holding their breath to see what comes out of the chancellor’s red box at the Autumn Budget. The hole in the public finances left by pandemic spending will need to be filled somehow and recent press reports suggest that the Treasury is considering (among other measures) increasing CGT rates so that individuals’ capital gains are taxed at the same rate as income. These reports come hot on the heels of the announcement in July of a new Office of Tax Simplification review into CGT.
The Treasury does not consult on rate changes and the press reports are based on leaked briefings (and reportedly face opposition from No 10)....
If you or your firm subscribes to Taxjournal.com, please click the login box below:
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