Intellectual Property (IP) holding structures are often used for tax benefits, for a fuller discussion of how this can be achieved and of the different sorts of IP please see our main article on IP holding. Luxembourg is a popular choice to IP holding and has a regime tailored to tax minimisation for IP acquired or originated since 2008 (and this excludes acquisition from an associated company). In Luxembourg qualifying IP is subject to an 80% exemption from income tax meaning that the tax rate is effectively 5.76% and to a 100% exemption from wealth taxes. For more information about Luxembourg's normal tax regime and the operation of Luxembourg companies please see our main article on Luxembourg private companies.