UK to review tax relief for private equity

The Treasury will decide by the end of the year whether to introduce new curbs on the tax treatment of private equity, signalling the government may be prepared to rein in the activities of the contentious industry. 字串1

Ed Balls, economic secretary, announced the review of the tax relief on shareholder debt in highly-leveraged deals during a speech to the London Business School on Thursday. He said the review would be completed by the pre-Budget report at the end of the year.