The qualifying asset holding company (QAHC) regime, which takes effect from 1 April 2022, should allow UK companies to be used as under the fund asset holding vehicles. One of the main conditions for entry into the regime is that the QAHC meets the ownership condition, which states that the relevant interests in the company held by non-category A investors must not exceed 30%. The most common route to satisfying the ownership condition will be if a qualifying fund holds a sufficient relevant interest. However, the rules are complex in determining the relevant interests, quantifying them and applying them to fairly standard structures found in practice.
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The qualifying asset holding company (QAHC) regime, which takes effect from 1 April 2022, should allow UK companies to be used as under the fund asset holding vehicles. One of the main conditions for entry into the regime is that the QAHC meets the ownership condition, which states that the relevant interests in the company held by non-category A investors must not exceed 30%. The most common route to satisfying the ownership condition will be if a qualifying fund holds a sufficient relevant interest. However, the rules are complex in determining the relevant interests, quantifying them and applying them to fairly standard structures found in practice.
If you are not a subscriber, subscribe now to read this content.
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