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Overview
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Experience
Introduction
Patricia is highly experienced in complex tax matters and is well known for her commercially minded, pragmatic advice.
Patricia Allen has been advising on tax for over 30 years and has a practice that covers a wide variety of tax structuring and fund related tax matters. Patricia has a particular focus on fund taxation including fund establishment, carried interest structuring, investor taxation and the structuring of underlying transactions. Recently Patricia has advised on a property finance fund with a Qualifying Asset Holding Company, and a number of Luxembourg based real estate and debt funds. Patricia also has a particular interest in management incentivization structures and private equity and venture capital transactions.
Patricia is a member of the Business Tax Sub Committee of UK Private Capital (formerly BVCA)
- Infrared Capital Partners | 2026 | on strategic core-plus digital infrastructure vehicle with Pantheon
- Arcus Infrastructure Partners | 2026 | Advised on the acquisition of 100% of WCCTV Group Limited by Arcus European Infrastructure Fund 4 SCSp alongside the WCCTV management team.
- National Government | 2025 | Advised on its £20m investment in Starmaker One.
- Terlos | 2025 | Advised on the launch of its European-focused investment platform.
- An investment management company | 2023 | Advised on the establishment of a new logistics fund.
- XLMedia PLC | 2024 | Advised on the sale of North America business to Sportradar AG.
- Volac International Limited | 2023 | Advised on the sale of Volac Milk Replacers Limited and Volac Socoor Srl (the Milk Replacer Business) to Denkavit International B.V. and Denkavit S.r.l. (Denkavit).
- Volac International Limited | Advised on the sale of Volac Whey Nutrition Holdings Limited (VWNHL) and its subsidiaries to Arla Foods Ingredients Group P/S.
- Pioneer Point Partners LLP | 2023 | Advised on its acquisition of Esken Renewables Limited, the renewables arm of Esken Limited, which is a listed company on the London Stock Exchange.
- Certa Partners Holdings Ltd | 2023 | Advised Certa and its subsidiaries on the sale of a 49% stake to Markel Capital Holdings Limited.
Latest thinking
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Legal development
Ten tax predictions for the global real estate industry in 2026
January 12, 2026
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Podcasts
Tapas and Tax Breaks, part 1: Spain's carried interest regime
May 27, 2025
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Legal development
The Council of the EU moves forward on tax cooperation and digital VAT reforms
March 14, 2025
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Legal development
UK Court of Appeal extends application of salaried member rules
January 28, 2025
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Podcasts
Episode 2: Tackling tax issues and investment funds - Inside UK Labour’s tax manifesto
July 17, 2024
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Podcasts
Episode 1: Tackling tax issues and investment funds - Untangling the complexity of Pillar Two for investment funds
July 05, 2024
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Latest news, deals and awards
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News Ashurst advises InfraVia Capital Partners on acquisition of two renewable energy developers, to create Supernova Power
April 01, 2026
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News Ashurst advises J.C. Flowers & Co on investment in Niyam Group and Niyam Syndicate 2047
April 01, 2026
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News Ashurst advises Arcus Infrastructure Partners on agreement to acquire WCCTV Group Limited
January 08, 2026
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News Ashurst advises UK Government on £20m investment in Starmaker One
July 22, 2025
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News Ashurst advises Terlos on launch of its European focused investment platform
June 24, 2025
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