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 or any other public market or exchange
  7. submit an entry notification to HMRC (/驳耻颈诲补苍肠别/尘补办别-补-辩耻补濒颈蹿测颈苍驳-补蝉蝉别迟-丑辞濒诲颈苍驳-肠辞尘辫补苍测-辩补丑肠鈥�)

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