Taxation of securitisation trust income: investors taxed as if investments held directly, with due-basis reporting obligations. Income of an investor in a securitisation trust is chargeable to tax in the investor's hands as if the investments had been made directly by the investor; income retained by the trust is deemed credited to the investor at year-end in the investor's proportion, and income taxed on accrual is not taxed again when paid. The trust and the person paying income must furnish prescribed statements to the tax authority and to investors, in specified forms, duly verified and electronically filed where required.