Commentary

D7.1308 Securitisation companies on 1 January 2007

Corporate tax
Corporate tax | Commentary

D7.1308 Securitisation companies on 1 January 2007

Corporate tax | Commentary

D7.1308 Securitisation companies on 1 January 2007

A company that is already a 'securitisation company' before its commencement date under the regulations (see D7.1304) must elect into the regime in order to be within its scope. The election extends to a company which immediately before its commencement date is either:

  1.  

    (a)     a company within the interim regime and thus taxed in accordance with former UK GAAP (see D7.1302, D7.1303); or

  2.  

    (b)     a company that is not within the interim regime (for example, because it has wider business activities that take it outside the regime) but which nevertheless is party to

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