Consultation outcome

Taxation of performance linked rewards paid to asset managers

• From: HM Revenue & Customs
• Published: 8 July 2015
• Last updated: 9 December 2015 — See all updates

This consultation has concluded

Read the full outcome

Taxation of performance linked rewards paid to asset managers - summary of responses

PDF, 229 KB, 21 pages

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Detail of outcome

A summary of responses to the consultation announced at Summer Budget on performance linked rewards paid to asset managers. This accompanies the publication of draft legislation.

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Original consultation

Summary

A consultation to‎ clarify the tax treatment of rewards paid to investment fund managers.

This consultation ran from
8 July 2015 to 11:59pm on 29 September 2015

Consultation description

Individuals who manage investment funds often receive a reward for the successful performance of the fund. This consultation to‎ determine the tax treatment of this reward.

At Budget 2015, the the government announced that HM Revenue and Customs would consult on proposals to legislate to ensure that individuals who manage funds where the underlying activities are more aligned with trading than investing pay full Income Tax on any performance fee/carried interest they receive.

Documents

Taxation of performance linked rewards paid to asset managers

PDF, 413 KB, 18 pages

Published 8 July 2015
Last updated 9 December 2015 + show all updates

1. 9 December 2015

   Added summary of responses.

2. 8 July 2015

   First published.