Dom Rothbarth

Whilst the UK Chancellor attended the IMF Spring Meetings in Washington in April primarily to talk trade, growth and transatlantic cooperation, there is a quieter but increasingly urgent issue in the background: the potential double taxation of UK residents who hold interests in US limited liability companies (LLCs).

In Startups Magazine, Private Wealth Partner, Dom Rothbarth examines the growing disconnect between entrepreneurial ambition and confidence in UK government policy. Drawing on insights from UBS’s Global Entrepreneur Report 2026, he highlights that while founders across Europe remain highly motivated to invest, hire and scale, many feel constrained by tax complexity, regulatory burden and a perceived lack of long‑term certainty.

Partners, Emily Brand, Rahul Thakrar and Dom Rothbarth outline how the 2026 reforms to the UK carried interest regime are set to reshape decision making for senior private equity executives. From 6 April 2026, carried interest will be taxed as deemed trading profits, shifting from capital gains to income tax and resulting in an effective 34.1 per cent rate.