Carried interest - Tjänst eller kapital?
(2025) HARH13 20242Department of Business Law
- Abstract (Swedish)
- Uppsatsen syfte är att faställa gällande rätt avseende beskattning av personer
som erhåller carried interest och om det stöd som används uppfyller
legalitetsprincipens krav på förutsägbarhet. I uppsatsen undersöks också hur
carried interest beskattas i Tyskland och Luxembourg.
Carried interest utgör en del av vinstavkastningen som tillfaller
nyckelpersoner inom en riskkapitalstruktur, när ett portföljbolag i en fond
avyttras med vinst. Eftersom det saknas särskilda bestämmelser för
beskattningen av carried interest har inkomsten beskattats utifrån generella
regler. Detta har resulterat i en beskattning i inkomstslaget tjänst, kapital och
under vissa förutsättningar enligt fåmansföretagsreglerna. Beskattningen har
påverkats av... (More) - Uppsatsen syfte är att faställa gällande rätt avseende beskattning av personer
som erhåller carried interest och om det stöd som används uppfyller
legalitetsprincipens krav på förutsägbarhet. I uppsatsen undersöks också hur
carried interest beskattas i Tyskland och Luxembourg.
Carried interest utgör en del av vinstavkastningen som tillfaller
nyckelpersoner inom en riskkapitalstruktur, när ett portföljbolag i en fond
avyttras med vinst. Eftersom det saknas särskilda bestämmelser för
beskattningen av carried interest har inkomsten beskattats utifrån generella
regler. Detta har resulterat i en beskattning i inkomstslaget tjänst, kapital och
under vissa förutsättningar enligt fåmansföretagsreglerna. Beskattningen har
påverkats av huruvida carried interest är att anse som en kapitalinkomst eller
tjänsteinkomst. I flera rättsfall har domstolarna och Skatteverket använt
principen om verklig innebörd för att omklassificera en kapitalinkomst till en
tjänsteinkomst, vilket har väckt frågor gällande likabehandling och
förutsägbarhet.
Undersökningen visar att Tyskland och Luxembourg har infört särskilda
regler för beskattningen av carried interest. En jämförelse visar att
beskattningen i dessa länder är förmånligare jämfört med Sveriges
beskattning i inkomstslaget tjänst.
Slutsatserna indikerar att en rättsosäkerhet och oförutsägbarhet kring
beskattningen av carried interest riskerar att strida mot legalitetsprincipen.
Uppsatsen föreslår en tydligare och systemenlig rättstillämpning för att
minska osäkerheten. (Less) - Abstract
- The purpose of this thesis is to establish the applicable law regarding the taxation of
the individuals receiving carried interest and whether support meets the requirements
of the principle of legality.
Carried interest is a share of profits earned by key individuals when a portfolio
company is sold at profit. There are no specific taxation rules when it comes to
carried interest, therefore the taxation is based on general rules. This leads to carried
interest being taxed as employment income in some cases, and as capital income in
others. Carried interest can also, if certain requirements are met, be subject to special
rules for shareholders in closely held companies. The taxation has been influenced
by whether carried interest... (More) - The purpose of this thesis is to establish the applicable law regarding the taxation of
the individuals receiving carried interest and whether support meets the requirements
of the principle of legality.
Carried interest is a share of profits earned by key individuals when a portfolio
company is sold at profit. There are no specific taxation rules when it comes to
carried interest, therefore the taxation is based on general rules. This leads to carried
interest being taxed as employment income in some cases, and as capital income in
others. Carried interest can also, if certain requirements are met, be subject to special
rules for shareholders in closely held companies. The taxation has been influenced
by whether carried interest is considered a capital income or an employment income.
In Swedish internal law, there is a judge made principle that allows the courts and
Swedish Tax Agency to disregard how legal actions have been labeled when they
are not consisted with the reality. In some cases, the courts and the Swedish Tax
Agency have applied the principle of substance to recharacterize a capital income to
an employment income. The principle has been applied in several cases regarding
carried interest, which raises questions as predictability and equality.
The study shows that Germany and Luxembourg have specific rules for the taxation
of carried interest. The taxation rates in these countries is more favourable compared
to when carried interest is taxed as income of employment in Sweden.
The conclusions indicate that legal uncertainty and unpredictably surrounding the
taxation of carried interest risk violation the principle of legality. The thesis proposes
a clearer and more systematic legal application to reduce uncertainty. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/9182656
- author
- Rama, Jonna LU
- supervisor
-
- Håkan Behmer LU
- organization
- course
- HARH13 20242
- year
- 2025
- type
- M2 - Bachelor Degree
- subject
- keywords
- Carried interest, Private Equity, Taxation, Income categories, closely held company rules. Carried interest, riskkapital, beskattning, verklig innebörd, fåmansföretagsregler, inkomstslag
- language
- Swedish
- id
- 9182656
- date added to LUP
- 2025-01-24 13:03:43
- date last changed
- 2025-01-24 13:03:43
@misc{9182656,
abstract = {{The purpose of this thesis is to establish the applicable law regarding the taxation of
the individuals receiving carried interest and whether support meets the requirements
of the principle of legality.
Carried interest is a share of profits earned by key individuals when a portfolio
company is sold at profit. There are no specific taxation rules when it comes to
carried interest, therefore the taxation is based on general rules. This leads to carried
interest being taxed as employment income in some cases, and as capital income in
others. Carried interest can also, if certain requirements are met, be subject to special
rules for shareholders in closely held companies. The taxation has been influenced
by whether carried interest is considered a capital income or an employment income.
In Swedish internal law, there is a judge made principle that allows the courts and
Swedish Tax Agency to disregard how legal actions have been labeled when they
are not consisted with the reality. In some cases, the courts and the Swedish Tax
Agency have applied the principle of substance to recharacterize a capital income to
an employment income. The principle has been applied in several cases regarding
carried interest, which raises questions as predictability and equality.
The study shows that Germany and Luxembourg have specific rules for the taxation
of carried interest. The taxation rates in these countries is more favourable compared
to when carried interest is taxed as income of employment in Sweden.
The conclusions indicate that legal uncertainty and unpredictably surrounding the
taxation of carried interest risk violation the principle of legality. The thesis proposes
a clearer and more systematic legal application to reduce uncertainty.}},
author = {{Rama, Jonna}},
language = {{swe}},
note = {{Student Paper}},
title = {{Carried interest - Tjänst eller kapital?}},
year = {{2025}},
}