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Will private fund limited partnerships be treated the same for tax purposes as limited partnerships under the BVCA/HMRC memorandum of understanding in relation to carried interest?

To what extent, if any, will the tax treatment of carried interest (under the memorandum of understanding between the BVCA and Inland Revenue on the income tax treatment of venture capital and private equity limited partners and carried interest dated 25 July 2003) in limited partnerships designated as PFLPs be affected after the Legislative Reform (Private Fund Limited Partnerships) Order 2017 takes effect (thereby removing the loan/capital split)?
Anonymous (Private practice)

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