Aron Joy

Partner London

Biography

Aron Joy is a partner in the London Tax team. He advises clients on all areas of UK and international corporate tax matters across the spectrum but with particular expertise in advising in relation to, and structuring, for private funds and investments by private funds and institutional investors (across the full spectrum of private funds, including private equity, venture capital, infrastructure, real estate, credit, secondary) and the management teams of private funds, including carried interest and co-investment structuring and management buy-outs/spin-outs.

Aron also advises on all tax aspects of private equity and M&A transactions and on complex cross-border structuring, VAT, structured finance and banking, employment tax matters, management equity/incentives and individuals and corporates establishing a taxable UK presence.

Aron acts for wide range of leading asset managers, including Actis, Brookfield, Castleforge, Montagu, General Atlantic, Graphite, InfraRed, PAI, Whitehelm and Dalmore, major private-equity players such as Advent and OMERS, and private equity investor clients such as Ontario Teachers’ Pension Plan, OP Trust, CDPQ, Mubadala and GIC.

Aron represents Weil as an active member of various Alternative Investment Management Association (AIMA) working groups and the Stamp Taxes Practitioners Group.

Prior to joining Weil, Aron worked in the Investment Management Tax team at one of the ‘Big 4’ accounting firms, focusing primarily on structuring, transactional and advisory work for investment manager clients. Prior to that, Aron was an associate in the Corporate Tax team of a leading international law firm.

Representative experience includes advising:

Actis on the establishment of Actis Long Life Infrastructure Fund – a $2 billion target emerging markets focused infrastructure fund
InfraRed Capital Partners on the establishment of InfraRed Infrastructure Fund V, a $1.2 billion target global infrastructure fund, and InfraRed Active Real Estate Fund IV, a £500 million target European value-add real estate fund
A leading global investment manager on the establishment of a discretionary UK real estate fund investing in industrial properties – at the time, the first of its kind since the introduction of major UK land tax reform in April 2019
Whitehelm Capital, on the establishment of an infrastructure debt platform
Columbia Threadneedle Investments on the establishment of a new open ended infrastructure platform (€3 billion target) investing in the European core infrastructure mid-market
A leading private equity house on the formation of its £300 million credit fund investing in performing, semi-performing and non-performing European credit assets such as consumer and commercial loans and other credit lines, and residential and commercial mortgage backed securities among others, in particular in the UK, Spain, Portugal, Romania and Italy
Numerous other investment managers and institutional investors in relation to UK real estate investment both pre and post the April 2019 UK land tax reform, across a range of strategies including commercial property, social housing, and real estate development, as well as pan European real estate investment
Sun Life Financial Inc. in relation to the merger of Sun Life-owned Bentall Kennedy and Tetragon's GreenOak, to create a $47bn global real estate platform
A Canadian pension scheme in relation to a €300 million+ investment into a dedicated managed account co-investment alongside BlueBay’s €6 billion BlueBay Direct Lending Fund III
The Government Investment Corporation of Singapore fund, in relation to various matters, including involvement in extensive negotiations with HMRC to access sovereign immunity from UK taxation for the fund in respect of real estate investments made in the UK
A leading private equity house on the structuring and implementation of more than 25 transactions by its credit fund, including a €550 million investment in a portfolio of receivables comprising loans secured by salary advances granted to customers of an intermediary of an Italian banking group, and the restructuring of an investment in a £170 million portfolio of non-performing UK consumer loans to accommodate a co-investment by a major US pension plan investor*
A major investment manager on the establishment of Dutch trading platforms for financial transactions such as options, warrants and forward purchases in relation to various commodities such as Siberian coal, Australian gold, Colombian gold and Ecuadorian oil drilling rigs, including the establishment of a $10 billion Fund Linked Note Programme in connection with the financing of the underlying transactions*
A major investment bank on the creation and implementation of a £ multi-billion trade receivables financing platform spanning over 40 jurisdictions*

*Experience from previous firm

Practice Areas

Admissions

England & Wales (Solicitor)

Education

King's College London (LL.B., 2002)
BPP Law School (LPC, 2003)

Speaking Engagements, Guides and Resources, Latest Thinking, Awards and Recognition

Firm News & Announcements

Weil Advises Castleforge Partners on the Final Close of its Third Value-Add Real Estate Fund at Over £270M Deal Brief — July 27, 2020
Weil Advises Brookfield Asset Management Inc. on Fundraise of First European Core-Plus Real Estate Fund Deal Brief — July 21, 2020

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Latest Thinking

Mini-Budget 2020: Stamp Duty and VAT Announcements Blog Post — Tax Blog — By Jenny Doak, Aron Joy, Oliver Walker and Ellie Marques — July 08, 2020

The UK Chancellor announced a number of measures today (8 July 2020) to boost the economy in the wake of the coronavirus lockdown. These included two tax cuts to VAT and stamp duty in an attempt to get the hospitality and housing sectors “bustling again”. VAT will be cut from 20% to 5% for the

The post Mini-Budget 2020: Stamp Duty and VAT Announcements appeared first on Weil Tax BLOG.
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Cayman Islands Added to the EU Blacklist — Private Fund Sponsor Update Blog Post — Tax Blog — By Robert Frastai, Aron Joy and Akash Mehta — April 08, 2020

Update alert: Proposed domestic tax penalties emerge in Luxembourg in enforcement of EU blacklist We recently reported on the addition of the Cayman Islands to the EU list of non-cooperative jurisdictions for tax purposes (the “EU blacklist”) on February 18, 2020 and key consequences for private fund sponsors. On March 30, 2020 the Luxembourg government […]

The post Cayman Islands Added to the EU Blacklist — Private Fund Sponsor Update appeared first on Weil Tax BLOG.
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COVID-19 Impact on Corporate Tax Residence and Substance: Investment Funds and Multinationals Blog Post — Tax Blog — By Aron Joy, Jenny Doak, Oliver Walker and Stuart Pibworth — March 31, 2020
Snapshot Travel restrictions and social distancing measures imposed as a result of the crisis mean that non-UK companies are at risk of becoming tax resident in the UK or breaching substance requirements if board meetings are held or decisions taken without careful forethought. This could have long term consequences. Similar issues were encountered, albeit on […] ...
Brave New World: HMRC Implements Temporary Electronic Submission for Stamp Duty Applications Blog Post — Tax Blog — By Jenny Doak, Oliver Walker, Aron Joy and Akash Mehta — March 27, 2020
On 25 March 2020, HMRC announced that stock transfer forms and other transfer instruments should no longer be posted to the HMRC Stamp Office, due to COVID-19 measures. Effective immediately, all documents for stamping should be submitted electronically, together with scans of the instruments to be stamped and details of the transaction and electronic payment. […] ...
Coronavirus (COVID-19): UK Tax-Related Considerations for Business Blog Post — Tax Blog — By Oliver Walker, Jenny Doak and Aron Joy — March 24, 2020
As the global outbreak of the novel coronavirus pandemic (COVID-19) continues, businesses should consider both the risk of unexpected tax consequences from disruptions and opportunities to avail of government support for business implemented through the tax system. Emergency measures to address both the spread and the economic consequences are rapidly evolving. Extensive tax reliefs and […] ...

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