Policy paper

Investment managers: performance linked rewards

This applies to investment managers in receipt of performance-linked rewards.

• From: HM Revenue & Customs
• Published: 9 December 2015

Documents

Investment managers: performance linked rewards

HTML

Draft clause 22

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Draft explanatory notes clause 22

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Details

This legislation provides a test to determine whether carried interest should be taxed as capital gains or income. This will be determined by testing the average period for which the fund holds assets.

Published 9 December 2015