Our knowledge resources reflect the breadth and depth of our expertise, our insight into the issues which matter to your business, and our understanding of the markets in which you operate.
Travers Smith Tax Senior Associate Sophie Lloyd and Associate Rob Smith have written an article in a recent edition of Tax Journal, providing a practical guide on early stage tax disputes with HMRC.
For nearly two years the government has been conducting a review of the UK funds regime (the Review) with the aim of making the UK a more attractive location to set up, manage and administer funds and to support a wider range of more efficient investments better suited to investor needs. This review had already yielded some tangible results, in particular the recent introduction of the Long-Term Asset Fund (LTAF) and the development of the new tax regime for qualifying asset holding companies (QAHCs) which is due to come into force in April.
Tax Knowledge Counsel Laura Hodgson has written an article in a recent edition of Tax Journal, discussing the new EU draft directive (ATAD 3) and how it could subject EU entities to additional reporting and adverse tax consequences.
In this briefing we look at 12 of the changes to law and practice that are likely to impact on the real estate sector in 2022.
Private Equity & Financial Sponsors Partner, James Renahan, took part in Private Equity International's recent European mid-market roundtable discussing the pace of European private equity dealmaking.
As part of the government's review of the UK's fund regime, and its wider efforts to enhance the UK's attractiveness to asset managers and investment funds, a number of changes are to be made to the UK's REIT regime with effect from 1 April 2022. Further changes to the REIT rules are likely to follow further down the line as the review progresses.
Travers Smith has sponsored the inaugural Private Equity International Women in Private Funds report.
The TCFD Roadmap unfolds
In 2019, UK voters were promised that there was a plan to "get Brexit done", so that we could all move on – and businesses could invest against a background of greater certainty. Whilst considerable progress has been made towards those goals, there remains a significant amount of unfinished business and uncertainty in key areas.
Funds partner, Sam Kay, has featured in Private Equity International discussing how both LPs and GPs are getting more sophisticated in their approach to raising capital and addressing liquidity challenges. You can read the full keynote interview below.
To help you keep on top of legal developments relevant to alternative asset managers, we have created a checklist that pulls the key ones together. Our checklist highlights each development, providing a brief description and setting out the next steps.
Tax partner Elena Rowlands, Head of Real Estate Tax Cathryn Vanderspar and Knowledge Counsel Ian Zeider have written the lead article in a recent edition of Tax Journal in which they set out their views on the government's proposals for a new tax privileged asset holding company regime. You can read the full article below.
Opportunities abound but beware of the pitfalls
Whilst the Covid-19 pandemic and continuing uncertainty over the nature of the UK’s relationship with the EU post-Brexit have dominated the political and economic agenda in recent times, there have been a number of important tax developments that asset managers should have on their radar as we approach the end of 2020.
We believe it is of paramount importance to protect and develop the alternatives asset management industry in the UK following our exit from the EU in order to maintain the UK's status as a world leader in the sector and to ensure that the wider economy continues to benefit from the deployment of global capital across alternatives asset classes by UK based managers.
The global COVID-19 pandemic is an unprecedented situation that will have a long-term impact on the asset management industry, stretching well beyond the current period of lockdown.