Section 41 Securities of designated bodies under the Securitisation (Proceeds of Certain Mortgages) Act, 1995

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Any stock or other form of security issued by a body designated under section 4(1) of the Securitisation (Proceeds of Certain Mortgages) Act, 1995, shall be deemed to be a security issued under the authority of the Minister for Finance under section 36, and that section shall apply accordingly.

Is tax deductible from interest paid on securitisation issues?

You are entitled to be paid interst on securities issued by a body designated under section 4(1) of the Securitisation (Proceeds of Certain Mortgages) Act 1995 gross, i.e., without deduction of tax.