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The UK Government’s public consultation on Asset Holding companies (AHCs) has just finished, having run from December 15, 2020 to February 23, 2021. The objectives of the UK Government in the consultation have been to improve the Government’s understanding of AHCs, the fund structures in which they are used, and the commercial drivers of their location, as well as to introduce legislative changes which bring clear benefits by facilitating the flows of capital, income and gains between investors and the underlying investments in the AHCs. The first consultation document was published in March 2020 as part of the UK Treasury’s 2020 Budget (First Consultation). The second consultation document (Second Consultation) was published in December 2020, and initiated the public consultation period which has just recently closed. 

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