Section 110 vehicle: Difference between revisions

Latest revision as of 17:52, 5 June 2018

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-An Irish [[Section 110]] [[special purpose vehicle]] is an Irish tax resident company designed for use in [[securitisation]] transactions, which qualifies under Section 110 of the [[Irish Taxes Consolidation Act 1997]] ("TCA") for a special tax regime that enables it to be tax neutral in {{tag|Ireland}}.
+#redirect[[SPVs in Ireland#Section 110 Companies]]
-This means it is a common Irish [[espievie]].
-Section 110 was created to help International Financial Services Centre ("IFSC") legal and accounting firms compete for the administration of global securitisation deals. They are the core of the IFSC structured finance regime.[1] and the largest SPVs in EU securitisation[2] Section 110 SPVs have made the IFSC the fourth largest global shadow banking centre.[3] They pay no Irish taxes, but contribute around €100m annually to the Irish economy in fees paid to IFSC legal and accounting firms.