Securitisation trust income attracts withholding at rates in force for specified non-resident investors, without any payment threshold.

Withholding tax applies to income from an investment in a securitisation trust specified in section 221 when paid or credited to a non-resident investor, other than a company, or a foreign company. The securitisation trust must deduct tax at the rates in force at the earlier of credit or payment. No monetary threshold applies, so every covered payment attracts deduction. The framework broadly corresponds to the earlier withholding regime for income payable by securitisation trusts to specified non-resident investors.

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