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V3350-16 ·15 July 2016 ·consulta-vinculante Medium impact
Tax

Lender's last resort loans generate investment income for tax purposes

A query was raised regarding the tax treatment of last resort securities lending conducted by a Central Counterparty (CCP) to resolve settlement failures. The DGT determines how both the lending entity and the defaulting seller are taxed under Corporate Tax and Personal Income Tax.

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2016-07-15PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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