The Corporate Interest Restriction (Consequential Amendments) Regulations 2017 No. 1227

Amendment to the Taxation of Insurance Securitisation Companies Regulations 2007

4.—(1) The Taxation of Insurance Securitisation Companies Regulations 2007(1) are amended as follows.

(2) At the end insert—

“The Taxation (International and Other Provisions) Act 2010

12.   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.”

(1)

S.I. 2007/3402, to which there are amendments not relevant to these Regulations.