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We are excited to be hosting our fifth annual Alternative Insights Summit on Thursday 18 June.

Commercial property landlords have been in limbo for over five years as to whether and when the current MEES requirement of an EPC E rating would be increased.  Meanwhile, they learnt from the Warm Homes Plan that residential properties in the PRS must have an EPC C rating by October 2030.

The Upper Tribunal (Tax and Chancery Chamber) (UT) has dismissed Barclays' appeal against the decision of the First-tier Tribunal (Tax Chamber) (FTT) upholding HMRC's refusal to allow a US company, Barclays Services Corporation (BSC), a member of Barclays' corporate group, to join Barclay's UK value added tax (VAT) group. The main reason for refusing the application was that the US company's registered branch in the UK was not a 'fixed establishment'.

Travers Smith LLP has announced today the promotion of three lawyers to its partnership, with effect from 1 July 2026.

Travers Smith LLP has advised Inflexion on the acquisition financing for its majority investment in Ranger Fire and Security.

Travers Smith has advised Capital Group on the launch of Capital Group KKR Global Multi-Sector+ (the Fund), the first sub-fund of the Luxembourg investment vehicle Capital Group Alternative Investments Funds.

A regular briefing for the alternative asset management industry. 

Since 6 April 2026, the UK has had a new regime under which all carried interest is taxed as trading income, regardless of the underlying nature of the return. As it is trading income, the starting position is that it is taxed at rates of up to 47% (45% income tax plus 2% national insurance contributions). However, provided the carried interest is "qualifying", a bespoke effective rate of around 34.1% applies.

The US LLC is a popular business vehicle, particularly in the private capital sector. However, its current UK tax treatment can give rise to effective double taxation for members who are UK resident individuals.

Travers Smith has advised on UK and EU financial regulatory aspects of an initial $35 billion capital solution as part of Broadcom's new AI XPV Platform, led by Apollo-managed funds and affiliates in partnership with Blackstone and leading global banks. The transaction represents the largest private financing ever executed and is designed to enable over 20GW in compute capacity for leading frontier AI labs through 2028.