Policy paper

Tax regime for insurance linked securities

This tax information and impact note prescribes the tax regime, in regulations, for vehicles issuing insurance linked securities (ILS).

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The measure forms part of wider work to establish the UK as an attractive base for insurance special purpose vehicles (ISPV) issuing ILS. Attracting ILS business to the UK will maintain and develop the UK’s position as a major global hub for specialist insurance and reinsurance. A competitive and clear tax treatment is a key component of this work.

Published 23 November 2016