Private equity and venture capital

Private equity and venture capital guidance:

Buyout is a generic term usually used to describe the acquisition by a management team, backed with equity finance from a private equity investor, of an established...

Practice Note

This Practice Note examines the following issues that arise in the context of a private equity backed buyout: • the circumstances in which costs incurred by the UK...

Practice Note

This Practice Note summarises the main tax issues arising for the UK acquisition group in a private equity-backed buyout. In particular the note: • describes the tax...

Practice Note

This Practice Note looks at tax issues arising on money borrowed by the acquisition group to finance a private equity-backed buyout. In the context of private equity, a...

Practice Note

[Team Leader] [insert HMRC address] [insert date] Application for clearances in advance under [section[s] 138[ and 139(5)] Taxation of Chargeable Gains Act 1992][ and...

Precedents

Development, or growth, capital investment refers generally to an investment in a mature company that is earning revenue and has operating profits, but is not able to...

Practice Note

This Practice Note describes the tax code applicable to fund managers—the disguised investment management fee (DIMF) rules. In particular, it highlights: • how management...

Practice Note

Click here to download the latest Private equity fund formation 2018 report, published by Getting the Deal Through. Jurisdictions covered The following jurisdictions are...

Practice Note

Click here to download the latest Private equity transactions 2018 report, published by Getting the Deal Through. Jurisdictions covered The following jurisdictions are...

Practice Note

This Practice Note explains how the key people who are running a company seeking growth (ie seed, venture and development) capital will be taxed in the UK on any shares...

Practice Note

This Practice Note summarises the key UK tax reliefs available to key individuals running a company that is seeking growth (ie seed, venture and development) capital. The...

Practice Note

This Practice Note summarises the key UK tax reliefs available to individuals that provide seed and venture capital to unconnected start-up and early stage companies. In...

Practice Note

What are growth shares? Growth shares, also known as value shares or hurdle shares, are a special class of shares that have restricted rights. These rights are designed...

Practice Note

This Practice Note: • illustrates the partnership structure of a typical onshore limited partnership fund • explains what carried interest is, and • describes the tax...

Practice Note

This Practice Note sets out how the investors in a typical UK private equity fund might be subject to UK taxation on their share of the fund's profits. One of the reasons...

Practice Note

The income-based carried interest (IBCI) rules form part of the legislation which governs the tax treatment of rewards received by fund managers. The IBCI rules attempt...

Practice Note

[11.9] Each Manager and any Permitted Transferee (other than an associated person as defined in section 421C of the Income Tax (Earnings and Pensions) Act 2003 (ITEPA...

Precedents

DRAFTING FOR BREXIT: For the latest information on the impact of Brexit on the drafting, negotiation and enforceability of this Precedent, see Practice Note:...

Precedents

A management buyout, or MBO, involves the acquisition of a business by its existing management team usually with the help of private equity financing. This Practice Note...

Practice Note

This Practice Note deals with private equity-backed UK management buyouts (MBOs) and examines the employment tax issues arising for a UK management team in respect of the...

Practice Note

This Practice Note deals with private equity-backed management buyouts (MBOs) and examines the tax issues arising for UK managers on the operation of a performance...

Practice Note

This Practice Note examines the UK tax reliefs available to a UK management team in a private equity-backed management buyout (MBO). For background information on...

Practice Note

Add new Article 14 as follows: 1 Conversion into Deferred Shares 1.1 In this Article 14, unless the context otherwise requires the following expressions shall have the...

Precedents

This Practice Note sets out what to look for when reviewing the tax sections of a private equity fund limited partnership agreement (LPA). It is drafted for a fund set up...

Practice Note

This Practice Note deals with secondary buyouts and examines the application of the capital gains tax (CGT) regime to a disposal of target company shares by its UK...

Practice Note

This Practice Note examines how the income tax regime applies where UK managers dispose of interests in the target company as part of a private equity-backed secondary...

Practice Note
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