The government is taking a timely look at the stamp duty treatment of insurance linked securities. Claire Miles (Willkie Farr & Gallagher) considers what this means for the UK insurance market.
On 23 March 2021 HMRC and HM Treasury initiated a joint consultation regarding the tax reform of securitisation companies. The consultation has been launched because the ‘government is keen to ensure the UK’s tax code keeps pace with the evolving nature of the capital markets and contributes to maintaining the UK’s position as a leading financial services centre.’
The consultation considers a number of different facets of securitisation companies including both tax and non-tax aspects. However it is the questions regarding the stamp duty treatment of insurance linked securities (ILS) that are the focus of this article.
ILS is the name given to a broad group of risk-transfer products through which insurance and reinsurance risk...
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The government is taking a timely look at the stamp duty treatment of insurance linked securities. Claire Miles (Willkie Farr & Gallagher) considers what this means for the UK insurance market.
On 23 March 2021 HMRC and HM Treasury initiated a joint consultation regarding the tax reform of securitisation companies. The consultation has been launched because the ‘government is keen to ensure the UK’s tax code keeps pace with the evolving nature of the capital markets and contributes to maintaining the UK’s position as a leading financial services centre.’
The consultation considers a number of different facets of securitisation companies including both tax and non-tax aspects. However it is the questions regarding the stamp duty treatment of insurance linked securities (ILS) that are the focus of this article.
ILS is the name given to a broad group of risk-transfer products through which insurance and reinsurance risk...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
