IFM41050 | Remittance basis: when a company ceases to be a QAHC

When a company ceases to be a QAHC, an individual who is or has provided investment management services will no longer meet the conditions required to benefit from the remittance basis treatment as set out at FA22/SCH2/PARA46(1). Any income or gain arising during a period in which the company is not a QAHC will be taxed in the normal way.