Although the UK’s qualifying asset holding company (QAHC) regime was introduced relatively recently (in April 2022), provisions in the Finance (No.2) Bill 2022/23 published in March 2023 include a number of modifications. Many of these effect additional flexibility to the types of structure that will be able to qualify as QAHCs and will be widely welcomed by the funds and alternative investment sector. Relaxations to the genuine diversity of ownership (GDO) test, in particular, are expected to significantly widen the appeal of the regime, and demonstrate that the government is still actively engaged in supporting the UK’s investment industry.
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Although the UK’s qualifying asset holding company (QAHC) regime was introduced relatively recently (in April 2022), provisions in the Finance (No.2) Bill 2022/23 published in March 2023 include a number of modifications. Many of these effect additional flexibility to the types of structure that will be able to qualify as QAHCs and will be widely welcomed by the funds and alternative investment sector. Relaxations to the genuine diversity of ownership (GDO) test, in particular, are expected to significantly widen the appeal of the regime, and demonstrate that the government is still actively engaged in supporting the UK’s investment industry.
If you are not a subscriber, subscribe now to read this content.
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