Sophie Donnithorne-Tait

Aug 26, 2024 | lexology.com | Damien Crossley |James McCredie |Sophie Donnithorne-Tait |Alicia Thomas |Joe Robinson |Mark Baldwin | +2 more

Reforming carried interestmacfarlanes.com 2 IntroductionPrivate capital is of significant and growing importance to the UK, both as a source of vital investment for UK projects but also as an industry that is itself a key component of the UK's financial services sector. Currently, London is second only to New York as the world's leading private capital hub.

Jun 13, 2024 | mondaq.com | Damien Crossley |Peter Chapman |Sophie Donnithorne-Tait

Tax distribution provisions were originally designed to help individual carried interest holders manage tax liabilities that arise by reference to their holding of carried interest but before their receipt of distributions. The issue is particularly relevant for US taxpaying carry holders due to the accrual basis of taxation for carried interest in the US, contrasting with the distribution basis prevalent in other jurisdictions.