UK:
UK Outlines Beneficial Tax Treatment For Asset Holding Companies
19 October 2021
Maples Group
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A new initiative is underway in the UK to increase its
attractiveness as a fund and asset holding company jurisdiction for
alternative investment funds. Indicative of the potential for
greater flexibility in its post-Brexit economic policy, the UK
government has affirmed its commitment to implementing a
competitive new regime, addressing the domestic tax challenges
faced by managers forming intermediate entities through which
alternative investment funds hold assets. The enhancements to
the UK fiscal framework will aim to capitalise on the UK's
strengths as a leading fund and asset holding jurisdiction, notably
at a time of corporate tax changes elsewhere in Europe, while
maintaining the country's relevance in the alternative
investment fund management sphere, following its withdrawal from
the European Union.
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