Amendments Proposed to the Irish Securitisation Regime in Relation to Financial Assets Secured on Irish Real Estate

The Minister of Finance has today proposed certain amendments to the Irish securitisation tax regime (section 110 of the Taxes Consolidation Act 1997) which, if enacted in the proposed form, will apply to profits arising after the 6th of September 2016. From that date where a securitisation company holds financial assets that derive their value or greater part of their value directly or indirectly from land in Ireland, such business will be treated as a separate specified property business of the securitisation company.

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