Clause 42 - Carried interest: election to pay tax as scheme profits arise

Part of Finance (No. 2) Bill – in a Public Bill Committee am 2:45 pm ar 16 Mai 2023.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Amendment made: 8, in clause 42, page 34, line 40, at end insert—

“(5A) Where—

(a) distributions were made by the scheme to external investors before the relevant tax year, and

(b) the timing of those distributions affects the amount of carried interest that actually arises to A,

the amount of carried interest to be presumed to arise in the circumstances mentioned in subsection (5) is to reflect the fact those distributions were made before the relevant tax year.