Market leading insight for tax experts
View online issue

Back to basics: Tax on stock lending

Speed read

The UK tax treatment of repos has taken centre stage in recent years, following the revamp of the repo rules in 2007 and high-profile tax litigation involving repos in structured transactions. While the direct tax treatment of repos is now closely aligned with their accounting treatment, the tax treatment of stock lending has become an increasingly complex hybrid of accounts-based tax rules, statutory constructs and deeming fictions. Given the increasing importance of stock lending to financial institutions as a source of liquidity, this article provides a reminder of the key principles of stock lending taxation.

If you or your firm subscribes to, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
Please reach out to customer services at +44 (0) 330 161 1234 or '' for further assistance.