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ARTICLE · 19 SEPTEMBER 2016

Proposed ‘Section 110' Changes - Impact On Asset Financing?

Mason Hayes & Curran LLP
Mason Hayes & Curran LLP
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Mason Hayes & Curran LLP

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The Minister for Finance's recent publication proposes to change Section 110 of the Taxes Consolidation Act 1997 as amended by Section 40 Finance Act 2011.

IrelandFinance and Banking
Christine O'Donovan
Christine O'Donovan
Niamh Keogh
Niamh Keogh
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The Minister for Finance's recent publication proposes to change Section 110 of the Taxes Consolidation Act 1997 as amended by Section 40 Finance Act 2011 ("Section 110"). We examine the practical implications this change in legislation is likely to have and whether it will materially impact on aviation and asset financing in Ireland.

Section 110  was introduced to facilitate securitisation transactions in Ireland back in 1997. The recent media publicity has raised the level of interest and concern of participants and investors in Ireland's securitisation sector across a variety of asset classes. The question considered here is: what will the impact of s.110 reform be on structured finance transactions and Ireland's aviation finance sector?

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