IFM40140 - Overview: structure of the legislation

The rules for qualifying asset holding companies (QAHCs) are contained within FA22/SCH2.

The legislation is structured as follows:

Part Provision IFM guidance pages
1 Conditions that must be met for a company to be a QAHC IFM40200+
2 How a company becomes a QAHC and the consequences IFM40300+
3 How a company ceases to be a QAHC and the consequences IFM40400+
4 Groups of companies that include QAHCs IFM40500+
5 Application of certain tax rules: close companies, exchange gains, basis of accounting IFM40600+
6 Application of other tax rules: transfer pricing, corporate interest restriction IFM40650+
7a Treatment of certain amounts payable by a QAHC: distribution rules IFM40720
7b Treatment of certain amounts payable by a QAHC: hybrid and other mismatch rules IFM40730
7c Treatment of certain amounts payable by a QAHC: remittance basis IFM41000+
7d Treatment of certain amounts payable by a QAHC: purchase of own shares IFM40740
7e Treatment of certain amounts payable by a QAHC: transactions in securities IFM40750
7f Treatment of certain amounts payable by a QAHC: late interest IFM40760
7g Treatment of certain amounts payable by a QAHC: deeply discounted securities IFM40770
8 Overseas property business of a QAHC IFM40800+
9 Chargeable gains exemption on the disposals of overseas land and certain shares IFM40900+
10 Exemption from stamp duty and stamp duty reserve tax on the repurchase by an QAHC of its own shares or loan capital IFM41100+
11 Withholding tax exemption IFM40780
12 Meaning of terms used 听