This measure affects individuals involved in investment management for private equity or other investment funds.
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This measure will make the tax system fairer by ensuring that individuals to whom a gain arises in the form of carried interest are taxed on their true, economic gain; and that planning tools - designed to ensure they are taxed on a lower figure, to achieve a lower effective rate of tax - are not effective. This measure will have effect on all carried interest arising on or after 8 July 2015, whenever the arrangements were entered into.