- The government ran an initial call for evidence on the tax treatment of carried interest between July and August 2024.
- A summary of responses was published at the Autumn Budget 2024, with an announcement that from April 2025 carried interest would be subject to a special rate of capital gains tax of 32%.
- From April 2026 a new revised tax regime will be implemented to bring the taxation of carried interest within the income tax framework, with certain elements of the new regime subject to a new consultation, launched at the Autumn Budget.
- Timing: the new consultation (contained within the summary of responses to the call for evidence) closes on 31 January 2025.
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