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Carried interest tax hiked to 32% as private equity bosses take Budget hit

Rachel Reeves confirms buyout executives will have to pay more on their share of profit

Chancellor Rachel Reeves said her budget would hike taxes by more than £40bn
Chancellor Rachel Reeves said her budget would hike taxes by more than £40bn Photo: Tolga Akmen/Getty Images

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Private equity bosses will be hit with an increased tax bill as the UK government confirms carried interest rates will rise from 28% to 32% next year.

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