The government has launched a consultation exploring the attractiveness of the UK as a location for the intermediate entities through which certain alternative funds (also known as non-CIV funds) hold fund assets. It looks at the UK tax barriers to establishing asset holding companies within such structures, and the merits of removing those barriers in terms of the fiscal and other benefits this could bring. The consultation closes on 19 May 2020. This forms part of a wider review of the UK’s funds regime, announced at Spring Budget 2020, which will include looking at both direct and indirect taxation.
The government has launched a consultation exploring the attractiveness of the UK as a location for the intermediate entities through which certain alternative funds (also known as non-CIV funds) hold fund assets. It looks at the UK tax barriers to establishing asset holding companies within such structures, and the merits of removing those barriers in terms of the fiscal and other benefits this could bring. The consultation closes on 19 May 2020. This forms part of a wider review of the UK’s funds regime, announced at Spring Budget 2020, which will include looking at both direct and indirect taxation.
