The UK asset holding company regime: a quacking idea!

On 20 July 2021 the government published its response to a second stage consultation on a UK asset holding company regime along with some initial legislation for qualifying asset holding companies (QAHCs). While this is not yet the last word (there is ongoing discussion and a significant number of points remain to be confirmed) we can at least begin to see the form which a UK asset holding company regime will take and an indication of the reliefs that will (and will not) be available. The bones of the regime are highly encouraging and what will now be key is to ensure that they are not fleshed out with too much complexity. If the regime remains simple (and some small issues are ironed out) this could be a game changing regime for the location of funds and their asset holding companies as long as the final niggles and unnecessary...