Securitisation and insurance-linked securities arrangements: allowing them to operate more effectively
These tax information and impact notes are about updating the tax rules to allow UK securitisation and insurance-linked securities arrangements to operate more effectively.
Documents
Details
The first of these measures updates the securitisation tax rules to address an area of uncertainty and complexity in relation to retained securitisations and to widen access to the regime by reducing the level of the minimum note issuance threshold.
The second updates the tax rules in relation to securitisation and insurance-linked securities arrangements to reduce cost and complexity by providing exemption from Stamp Duty and Stamp Duty Reserve Tax for the transfer of the standard notes issued as part of these arrangements.
You can also read draft secondary legislation and draft explanatory memoranda.