Reform of the taxation of securitisation companies
Download the full outcome
Detail of outcome
The consultation sought views on making changes to clarify and/ or reform certain aspects of the taxation of securitisation companies and the Stamp Duty loan capital exemption as it applies to securitisations and to insurance-linked securities.
The consultation ran from 23 March 2021 to 3 June 2021: we received 15 written responses, and held a number of virtual meetings and calls during and after the consultation period. The government is grateful for the input.
The government is publishing 2 draft statutory instruments for technical consultation, together with accompanying draft explanatory memoranda and tax information and impact notes.
These reflect the decisions taken for 3 areas identified for consultation, as set out in the summary of responses.
The government will consult informally on the fourth area identified, the range of assets which may be securitised, as well as on related areas in the securitisation tax regime. This will be carried out in parallel with continued informal consultation in relation to the implication of holding land within securitisation companies.
Original consultation
Consultation description
This consultation seeks views on making changes to clarify and/or reform certain aspects of:
- the taxation of securitisation companies, as set out in the Taxation of Securitisation Companies Regulations (Statutory Instrument 2006/3296)
- the Stamp Duty loan capital exemption (section 79 Finance Act 1986) as it applies to securitisations and to insurance-linked securities
This consultation will be of particular interest to taxpayers, investors, advisers and tax professionals concerned with securitisations or insurance-linked securities.
Documents
Last updated 30 November 2021 + show all updates
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Added summary of responses and outcome summary, including link to a technical consultation also published today (30 November 2021).
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First published.