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Labour said in its manifesto that closing the "loophole" currently enjoyed by the private equity sector would raise £565m a year by 2028-29.
Capital gains tax (CGT) rates on carried interest will be hiked to 32% from April next year, ahead of a further set of reforms from April 2026, the chancellor said in her Budget speech in parliament today (30 October).
The tax rate on ‘carried interest', which represents the portion of profits that private equity managers receive from successful deals, currently stands at 28%. In a call for evidence outcome d...
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