Not for the first time, the government has announced a review of the UK tax regime for funds. Part of this review looks at the asset holding companies in alternative fund structures, and whether there are UK tax rules which reduce the attractiveness of the UK as a jurisdiction in which to establish such companies. Set against the backdrop of Brexit and the OECD’s BEPS project, the consultation is based on engagement with the asset management industry and looks to be very well targeted. There is a real opportunity for changes to be made to support the UK asset management industry, particularly in the context of credit funds, which have largely had to make do and mend by adapting existing regimes to their purposes. Readers are encouraged to engage with the consultation.
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Not for the first time, the government has announced a review of the UK tax regime for funds. Part of this review looks at the asset holding companies in alternative fund structures, and whether there are UK tax rules which reduce the attractiveness of the UK as a jurisdiction in which to establish such companies. Set against the backdrop of Brexit and the OECD’s BEPS project, the consultation is based on engagement with the asset management industry and looks to be very well targeted. There is a real opportunity for changes to be made to support the UK asset management industry, particularly in the context of credit funds, which have largely had to make do and mend by adapting existing regimes to their purposes. Readers are encouraged to engage with the consultation.
If you are not a subscriber, subscribe now to read this content.
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