Business tax – policy paper

Corporation Tax: amendments to Regulatory Capital Securities Regulations

This measure sets out the tax treatment of new types of financial instrument issued by insurance companies to meet regulatory requirements.

Detail

This measure provides certainty of treatment of regulatory capital securities issued by banks, building societies and insurers to comply with financial regulatory requirements. It also updates existing regulations to reflect the current terms used in the taxation of corporate debt and derivative contracts rules introduced in Finance (No.2) Act 2015.