Wider context Carried interest is a share of profits from an investment that is paid to investment managers and general partners in private equity, venture capital, or hedge funds. It is a performance fee that is paid out to fund
More about Private equity and carried interest: preparing for the new rulesPlease note that this article was published before the non-dom legislation was finalised and brought into force on 6 April 2025. Are offshore trusts still efficient for UK tax purposes? The Autumn Budget on 30 October 2024 included confirmation of
More about Non-dom reforms: Let’s talk about trustsAre offshore trusts still efficient for UK income tax and capital gains tax? In this article we consider how the 2024 Spring Budget announcements are likely to impact offshore trusts settled by: What are the proposed changes from 6 April
More about Non-dom analysis: TrustsIn 2021, HMRC changed how they would treat the foreign income or gains of a UK resident remittance basis taxpayer when used as collateral for a relevant debt that is brought to or used in the UK (the “Loan“). This
More about Relevant debts, collateral and the remittance basis