IFM40205 - Eligibility criteria: introduction

Companies will only be able to choose to be a QAHC if they meet the conditions set out in FA22/SCH2/PARA2.

The company must:

1. be tax resident in the UK
2. meet the ownership condition (IFM40210+)
3. meet the activity condition (IFM40255)
4. meet the investment strategy condition (IFM40265)
5. neither be a securitisation company (CFM72000+) nor a UK real estate investment trust (REIT) (IFM21000+)
6. not have any equity securities listed or traded on a recognised stock exchange or any other public market or exchange
7. submit an entry notification to HMRC (https://www.gov.uk/guidance/make-a-qualifying-asset-holding-company-qahc…)

Most of the conditions are straightforward, but the ownership and activity conditions are more complex.