On 4 November 2021 the UK Government published the full draft legislation on its new
regime for the taxation of qualifying asset holding companies (“QAHCs”) as part of the FY22 Finance Bill. The legislation is intended to have effect from April 2022. The legislation has been developed from the original draft legislation that was previously released in July 2021 and reflects much of the feedback received from industry stakeholders and during our working group sessions with HMRC and HMT.
Our flyer below summarises the features and criteria of the regime, plus the key changes since the original draft which was published in July.