UK launches ILS tax consultation
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UK launches ILS tax consultation

HM Treasury entrance
Peter Dazeley/Getty Images

The UK Treasury and HM Revenue & Customs (HMRC) have opened a consultation on whether the tax-neutral regime for ILS vehicles needs more clarity to ensure it keeps pace with financial market change and retains transactions in the UK.

The consultation seeks to address uncertainty over circumstances in which tax exemptions to ILS structures may apply.

"This uncertainty is understood to add complexity and cost to such arrangements and may be a factor in arrangements being implemented outside the...

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