The Risk Transformation (Tax) Regulations, SI 2017/1271, set out tax rules for the new special purpose vehicles allowing insurance-linked securities to be domiciled and traded in the UK, with effect from 15 December 2017. The corporate vehicles will be exempt from corporation tax and investors exempt from withholding tax. Draft versions were published for consultation in November 2016, July and October 2017.
The regulatory framework for the new regulated activity of ‘insurance risk transformation’ is set out separately in the Risk Transformation Regulations, SI 2017/1212.
The Risk Transformation (Tax) Regulations, SI 2017/1271, set out tax rules for the new special purpose vehicles allowing insurance-linked securities to be domiciled and traded in the UK, with effect from 15 December 2017. The corporate vehicles will be exempt from corporation tax and investors exempt from withholding tax. Draft versions were published for consultation in November 2016, July and October 2017.
The regulatory framework for the new regulated activity of ‘insurance risk transformation’ is set out separately in the Risk Transformation Regulations, SI 2017/1212.
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