Vadim Romanoff and Matthew Griffin write for EPrivateClient on the UK's attractiveness for Family Offices and Investment Funds ahead of the 2025 Budget
min readAt a time when some globally mobile families and businesses are questioning their future in the UK, and headlines tend to focus on departures rather than arrivals, it may feel somewhat counter‑intuitive to talk about the UK in the context of family office or investment fund structuring.
However, Vadim Romanoff, Partner in our Corporate Tax and Incentives team, and Matthew Griffin, Partner in our Funds and Investment Management team, explain that the UK can still offer real advantages for certain types of fund managers and family offices.
In an article for EPrivateClient, Vadim and Matthew argue that the answer is "rarely binary", and that "taking a holistic view remains essential". They explain that the UK continues to offer structural advantages, and the right strategy often lies in knowing what to place (or retain) in the UK, rather than adopting an all-or-nothing approach.
In the piece, they cover:
- To what extent is the UK still an attractive jurisdiction?
- What factors allow the UK to retain its position as an attractive jurisdiction?
- Tax exemption for fund managers
- Simplified regime for fund holding companies
- Participation exemption and treaty access
- Long-Term Asset Fund
- Is the UK viable for non-investment family offices?
- What approach should investment-focused family offices take?
- The new forgeign income and gains regime
- Non-tax benefits
Vadim and Matthew continue:
While there are clear and significant headwinds for the UK for many family offices and investment fund structures, the UK can still offer a blend of tax incentives, legal stability, infrastructure, and talent that continue to make it the right choice. The UK may no longer invariably be the default, but it remains a contender. The key is to take a holistic view, weigh both tax and non‑tax factors, and make an informed decision based on specific circumstances.
Read the full article in EPrivateClient here.
