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Stamp duty – the bane of UK securitizations

    Headline: Stamp duty – the bane of UK securitizations Source: Euromoney Date: May 2000 Author: Mark Kessell UK securitization deals rarely result in the payment of stamp duty, but in theory it is liable to be charged. So provision has to be made for the tax, to the detriment of the industry’s development. […]

January 1, 2000

    Headline: Stamp duty – the bane of UK securitizations
Source: Euromoney
Date: May 2000
Author: Mark Kessell
UK securitization deals rarely result in the payment of stamp duty, but in theory it is liable to be charged. So provision has to be made for the tax, to the detriment of the industry’s development. The UK’s asset-backed industry should be lobbying for a change, in the government’s forthcoming Finance Bill. By Nigel Page

In the run-up to the recent UK budget, considerable attention was given to a likely increase in stamp duty.






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