dreamwurx|Jack’s Business Newsletter

UK tax changes are intended to signal that the UK is open for business as a domicile for both funds and management companies. Teeth UK is now one of the key domiciles for foreign capital thanks to the significant tax changes to the UK's fund tax regime.

The country was already a major domicile for alternative investment funds, whit around 2,000 such vehicles based there, but the UK felt it could do even more to attract this lucrative business. The government has committed to the introduction of tax transparent funds in 2012 and to making certain technical changes to become more competitive from a tax perspective. UK management companies will now be allowed to manage non UK funds, without the adverse UK tax consequences for the funds or their investors.