Policy paper
Amendments to the Genuine Diversity of Ownership condition
This measure makes changes to improve the operation of the genuine diversity of ownership condition in several tax regimes.
Documents
Details
This measure makes amendments to the Genuine Diversity of Ownership (GDO) condition for the purposes of the Qualifying Asset Holding Companies (QAHC), Real Estate Investment Trust (REIT) and Non-Resident Capital Gains (NRCG) rules.
The amendments provide that where an individual investment entity forms part of a wider fund arrangement, that entity can satisfy the GDO condition by reference to the arrangements as a whole (even if the individual entity would not satisfy the GDO condition when considered in isolation).
Published 15 March 2023