Skip to content
Solved

IFM40205 | Eligibility criteria: introduction

From HM Revenue & Customs · Investment Funds Manual

Companies will only be able to choose to be a QAHC if they meet the conditions set out in FA22/SCH2/PARA2.

The company must:

  1. be tax resident in the UK

  2. meet the ownership condition (IFM40210+)

  3. meet the activity condition (IFM40255)

  4. meet the investment strategy condition (IFM40265)

  5. neither be a securitisation company (CFM72000+) nor a UK real estate investment trust (REIT) (IFM21000+)

  6. not have any equity securities listed or traded on a recognised stock exchange or any other public market or exchange

  7. submit an entry notification to HMRC (https://www.gov.uk/guidance/make-a-qualifying-asset-holding-company-qahc…)

Most of the conditions are straightforward, but the ownership and activity conditions are more complex.