The government has confirmed that the new carried interest tax regime will not catch non-UK resident individuals who spend fewer than 60 days in the tax year performing investment management services in the UK. Non-UK resident investment managers may also be entitled to relief under a double taxation treaty if they do not have a fixed place of business in the UK. In June 2025, the government announced that carried interest earned by individuals performing investment management services will be brought under the charge to income tax at an effective tax rate of 34.075 per cent, starting in April 2026.
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