Amendment to the Taxation of Insurance Securitisation Companies Regulations 20074
1
The Taxation of Insurance Securitisation Companies Regulations 200714 are amended as follows.
2
At the end insert—
The Taxation (International and Other Provisions) Act 201012
Section 414(3)(b) (qualifying net group-interest expense, results dependent securities) of TIOPA 2010 does not apply in relation to any interest paid or other distribution made by an insurance securitisation company.