Fair Tax Foundation’s Post

Thank you Funds Europe for including my voice in the new UK Budget coverage. VC industry was expecting the tax on carried interest - private equity managers’ share of profits on successful deals - to increase. However many of my fellow Venture Capitalists raised a concern about removing the right incentives for taking risks. These incentives are even more important for the founders creating strategic technology assets in the UK than for their investors. "Carried interest rewards fund managers who take long-term risks, which frees the capital needed to support early-stage innovation, particularly in R&D-intensive fields like quantum computing and AI. These sectors require sustained, high-stakes investment, where tremendous strategic asset value can be created, but the journey involves a great deal of risk-taking and patience." Thank you to everyone who led a dialog on this topic in the past few months and made sure that incentives are largely not removed for the founders and capital to stay in the UK. OpenOcean, British Private Equity & Venture Capital Association (BVCA), Michael Moore, Daniel Harrington

For high-net-worth individuals and sophisticated investors who have recently disposed of an asset, exploring some of the potential ways to defer and reduce a capital gains tax (CGT) liability can be useful. Our CGT Guide provides an in-depth overview of three key tax-efficient investment schemes introduced by the UK Government, which offer significant opportunities for CGT deferral and reduction: - Enterprise Investment Scheme (EIS) - Seed Enterprise Investment Scheme (SEIS) - Social Investment Tax Relief (SITR) The guide also details the generous capital gains tax reliefs available under these schemes, including reinvestment relief, deferral relief, and disposal relief. 📥 Download the guide here: https://hubs.la/Q02VFcWk0

As Budget 2025 looms, industry leaders are calling for urgent tax reforms to revive Ireland’s underutilised equity capital markets. Discover the key recommendations and what they could mean for the future of Irish enterprise

🌟 Tax Benefits & Opportunity Zones 🌟Opportunity Zones in the US 🇺🇸 offer significant tax advantages to savvy investors. By investing capital gains in a Qualified Opportunity Zone Fund (QOF) within 180 days of a sale, you can defer taxes on those gains until 2027. 📈 Hold your investment for 10+ years? Pay ZERO taxes on capital gains from your investment in the Opportunity Fund. With over 8,500 zones nationwide, the potential is massive. The Green Tech Capital OZ Fund is seizing this chance, thanks to the Federal Tax Cuts and Jobs Act of 2017. Learn more at https://lnkd.in/gchH3vHz #InvestmentOpportunities #TaxBenefits #OpportunityZones #GreenTechCapital #FederalTaxCuts #JobsAct2017

The UK government is catalysing private investment in domestic companies through the new British Growth Partnership. By attracting substantial backing from UK pension funds, this initiative is poised to enhance long-term growth and innovation across the sector. This move aims to transform the UK business landscape and foster sustainable economic development. Discover the full article at Private Equity International: https://lnkd.in/emQqQuyX Alex Lynn Madeleine Farman Katrina Lau #Investment #UKEconomy #GrowthPartnership

📜 In July, Labour published a consultation requesting evidence on the tax treatment of carried interest, with next steps and further announcements due to be made at the Budget on 30 October. ⌛ For existing fund managers operating carry, now is the time to reflect on how your funds and carried interest are structured. Those who are considering setting up a new venture fund could find it more challenging in a landscape that may be changing. ✅ Read a summary of the consultation and our thoughts on the government's possible changes to the carried interest regime here: https://lnkd.in/eXuWyJsQ

Going into what promises to be an interesting couple of weeks, my colleague Antoine shares our thoughts on Labour’s carried interest consultation 🤔 We eagerly await the details from the consultation to be announced at next week’s Budget 📈 #Buzzacott #Budget2024

New Era for Opportunity Zones? With Trump/Vance in the White House and Republicans controlling Congress, the Opportunity Zone (OZ) program stands a strong chance of extension – creating significant benefits for those with capital gains. Here's what investors need to know: 💡 Why Opportunity Zones Matter: Tax Benefits: Defer capital gains taxes now, potentially eliminate them later. Hold for 10+ years, and your OZ investments could be ENTIRELY tax-free. Impact Investing: OZ funds bring private dollars into underserved communities, sparking growth where it's needed most. Win-win for investors and communities. 🔄 Bipartisan Roots, Clear Path Ahead OZs have long enjoyed bipartisan support, though recent Democratic leaders like Sen. Ron Wyden stalled its extension as Finance Committee Chair. With new leadership, those roadblocks are gone, setting OZs up for unprecedented growth and impact. 📈 What a GOP Win Means for OZs: 1️⃣ Extended Investment Window → Deferral likely pushed to 2028 2️⃣ Investor Tax Discount → Potential 10% tax cut on early investments 3️⃣ Targeted Oversight → New reporting ensures OZ funds target high-impact communities 💰 Real-World Example: Step 1: Sell asset → $1M capital gains Step 2: Invest in OZ Fund → Tax deferred to 2027 (Maybe 2029 w/ extension) Step 3: Hold 10+ years in OZ project Step 4: Cash out → Potentially TAX-FREE 𝗧𝗵𝗲 𝗕𝗼𝘁𝘁𝗼𝗺 𝗟𝗶𝗻𝗲: With a favorable administration ahead, Opportunity Zones are positioned to drive unprecedented change and offer robust benefits to investors. The window to maximize these benefits won't stay open forever. 🤔 Interested in learning more about OZ investing? Drop a comment below or DM me. #OpportunityZones #RealEstate #Investing #TaxStrategy

Commentary picking up on the growing trade in GP partnerships (and the lucrative rewards for the lucky few). A consequence of the increasing maturity of this asset class. Market dynamics are evolving.

🌟 Tax Benefits & Opportunity Zones 🌟Opportunity Zones in the US 🇺🇸 offer significant tax advantages to savvy investors. By investing capital gains in a Qualified Opportunity Zone Fund (QOF) within 180 days of a sale, you can defer taxes on those gains until 2027. 📈 Hold your investment for 10+ years? Pay ZERO taxes on capital gains from your investment in the Opportunity Fund. With over 8,500 zones nationwide, the potential is massive. The Green Tech Capital OZ Fund is seizing this chance, thanks to the Federal Tax Cuts and Jobs Act of 2017. Learn more at https://lnkd.in/gPa2SaUQ #InvestmentOpportunities #TaxBenefits #OpportunityZones #GreenTechCapital #FederalTaxCuts #JobsAct2017