Asset Management, UK, Tax Liability

UK Government announces update on new carried interest tax regime

Goodwin on 6/10/2025

On June 5, 2025, the UK Government announced the result of their recent consultation process regarding their plans to bring carried interest within the income tax regime from April 2026, subject to an effective tax rate of...more

From Crackdown to Calibration: The UK’s Evolving Carried Interest Regime

Akin Gump Strauss Hauer & Feld LLP on 6/9/2025

In November, we covered the UK government’s proposal to overhaul the tax treatment of carried interest in the United Kingdom—an effort to close perceived loopholes by shifting carried interest fully into the income tax...more

Impact of Permanent Establishment Reform for Credit Funds

Ropes & Gray LLP on 5/1/2025

On 28 April, the UK Government produced draft legislation for consultation as the latest step in the reform of UK rules on transfer pricing, permanent establishments and diverted profits tax. From an asset management...more

Retiring trustee – reasonable security and retention of assets

Walkers on 3/28/2025

Under section 43(b) of the Trusts (Guernsey) Law, 2007, when a trustee resigns or is removed it may require that it be provided with reasonable security for liabilities before surrendering trust property....more

UK Spring Budget 2023: Points for Asset Managers

Akin Gump Strauss Hauer & Feld LLP on 3/16/2023

Introduction - On 15 March 2023, the UK government revealed the widely anticipated Spring Budget, which contained a number of measures that may be of interest to asset managers....more

BlueCrest FTT Decision – Salaried Member Rules and Asset Managers

Proskauer - Tax Talks on 7/14/2022

The recent decision of the First-tier Tribunal (FTT) in BlueCrest Capital Management (UK) LLP v HMRC (29 June 2022) is the first time the UK’s salaried member rules (the Rules) have been considered in the context of an asset...more