Policy paper

Draft clause

Published 22 November 2017

© Crown copyright 2017

This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: psi@nationalarchives.gov.uk.

Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned.

This publication is available at https://www.gov.uk/government/publications/capital-gains-tax-carried-interest/draft-clause

1. carried interest

  1. (1) In the following provisions of F(No.2)A 2015 (which relate to carried interest) omit the words from “unless” to “that date”—
    1. (a) section 43(2);
    2. (b) section 43(4);
    3. (c) section 45(3)(b)
  2. (2) The amendments made by subsection (1) have effect in relation to carried interest arising on or after 22 November 2017.
  3. (3) For the purposes of subsection (2) “carried interest” and “arising” have the same meaning as in the provisions amended.
Back to top