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Home » LIBOR Switch Could Prompt MBS/ABS Taxes
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LIBOR Switch Could Prompt MBS/ABS Taxes

April 5, 2019
Brandon Ivey
The transition away from the London Inter-bank Offered Rate could prompt significant tax issues for MBS and ABS investors. The Structured Finance Industry Group wrote to the Internal Revenue Service and Treasury last week requesting guidance on the issue. LIBOR won’t be available after 2021 and market participants are looking for an alternative reference rate. Various securities are tied to the London benchmark rate in terms of the loans that back the deals and their ...
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