When the qualifying private placement (QPP) exemption was introduced in 2015, it was hoped it would open up the UK private debt market, but its use remains relatively limited in practice.

In the article available at the link below, Brin Rajathurai and Robert Jones from our London tax team discuss some potential reasons why, despite the private capital market now being bigger than it was, the QPP has not proven to be the easy-fix it was hoped it would be.

This article was originally published in Tax Journal on 4 November 2022.