RMBS, CMBS, CLOs Safe from Section 110 Changes

Ireland's Finance Bill 2016, which was published on 20 October, clarifies the nature of proposed changes to Ireland's Section 110 regime.  While measures are being introduced by the Irish government  to tax gains on 'specified' mortgages, CMBS, RMBS and CLO securitisations will not be affected.  Loan origination related to real estate will also not be impacted.   The Minister of Finance, Michael Noonan, also reiterated his support for the Irish securitisation regime in his recent Budget speech.
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