Reform of the tax treatment of carried interest
This measure is about the introduction of a revised tax regime for carried interest.
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Linked documents
- Policy Paper Revised tax regime for carried interest
- Bill Amendment Draft legislation (accessible version)
▤ Verbatim text from source document
This measure introduces a revised tax regime for carried interest which sits wholly within the Income Tax framework. This measure was announced at Autumn Budget 2024 and a policy update was published on 5 June 2025. The revised regime will take effect from 6 April 2026.