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Getting Things Right?

Anthony Davis, tax partner in Gide Loyrette Nouel's London office, takes a look at the new regulations and HMRC guidance on the taxation of securitisation companies

 
Anthony Davis tax partner in Gide Loyrette Nouel's London office takes a look at the new regulations and HMRC guidance on the taxation of securitisation companies
 
December 5 2006 was a slightly historic day. The Fourth Delegated Legislation Committee of the House of Commons approved draft regulations on the UK tax treatment of securitisation companies. The rules are a significant achievement being one outcome (not it is hoped the last) of some three years of consultations and discussions carried on in an exceptionally sensible and constructive way with a view to preserving an important financing technique from the damage threatened by changes to accounting...

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