|
|
17 Aug 2007
The private equity industry is facing a tough shake-up in the way it is taxed, with chancellor Alistair Darling proposing stiffer capital gains tax (CGT) rates and lengthening the taper relief period.
According to the FT, Darling is considering an increase in CGT from 10% to 20% for businesses classed as business assets as well as an increase in the taper relief period from two years to five years.
Also under consideration is the idea of drawing a tax distinction between mega-fund buyouts and small venture capital deals.
The reforms were reportedly discussed in meetings last week between Treasury officials and private equity representatives. Buy-out bosses are said to be relieved by the proposals, as they feared much harsher measures.
Further reading:
Private Equity to be named and shamed
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment