Elena Rowlands, Cathryn Vanderspar and Ian Zeider (Travers Smith) are hopeful that the government will seize the opportunity for positive change to support the UK’s funds industry.
In December HM Treasury (HMT) published a consultation document (the condoc see bit.ly/3bOh4FH) with high-level proposals for a new tax-privileged regime for asset holding companies (AHCs) in alternative fund structures. This is part of the government’s review of the UK funds industry (as announced in the March 2020 Budget) and follows on from a consultation last year that assessed the case for reform of the UK’s tax treatment of AHCs.
Although the proposals leave many points open for discussion they are a highly positive step envisaging an attractive UK regime coming into force as early as next year where AHCs suffer very little direct tax leakage being exempt from tax on gains and...
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Elena Rowlands, Cathryn Vanderspar and Ian Zeider (Travers Smith) are hopeful that the government will seize the opportunity for positive change to support the UK’s funds industry.
In December HM Treasury (HMT) published a consultation document (the condoc see bit.ly/3bOh4FH) with high-level proposals for a new tax-privileged regime for asset holding companies (AHCs) in alternative fund structures. This is part of the government’s review of the UK funds industry (as announced in the March 2020 Budget) and follows on from a consultation last year that assessed the case for reform of the UK’s tax treatment of AHCs.
Although the proposals leave many points open for discussion they are a highly positive step envisaging an attractive UK regime coming into force as early as next year where AHCs suffer very little direct tax leakage being exempt from tax on gains and...
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