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