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D7.135 Exiting the qualifying asset holding company regime

Qualifying asset holding companies (QAHCs) can chose to leave the regime at any point. They may also cease to be a QAHC if any of the conditions are breached (see D7.105), although certain breaches may be cured (see D7.140).

If a qualifying asset holding company (QAHC) decides to exit the regime, it must make an exit notification (the effect of which is that the entry notification will cease to be in force)¹. This must state the QAHC's name and unique taxpayer reference number and specify the date on which the entry notification no longer has effect (which must be the day after the exit notification is made or later).

Similarly, a QAHC must notify HMRC if a QAHC condition ceases to be met². This must be done as soon as reasonably practicable after it became aware of the breach. This notification must set out:

1. Ìý

   •ÌýÌýÌýÌý a description of the breach,

2. Ìý

   •ÌýÌýÌýÌý the date on which it occurred,

3. Ìý

   •