Policy paper

Amendments to the Genuine Diversity of Ownership condition

This measure makes changes to improve the operation of the genuine diversity of ownership condition in several tax regimes.

• From: HM Revenue & Customs
• Published: 15 March 2023

Documents

Amendments to the Genuine Diversity of Ownership (GDO) condition

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Details

This measure makes amendments to the Genuine Diversity of Ownership (GDO) condition for the purposes of the Qualifying Asset Holding Companies (QAHC), Real Estate Investment Trust (REIT) and Non-Resident Capital Gains (NRCG) rules.

The amendments provide that where an individual investment entity forms part of a wider fund arrangement, that entity can satisfy the GDO condition by reference to the arrangements as a whole (even if the individual entity would not satisfy the GDO condition when considered in isolation).

Published 15 March 2023