Irish Revenue has issued eBrief No. 199/21 concerning an update to Tax and Duty Manual Part 04-06-13 on the Tax Treatment of Stock Lending and Sale and Repurchase (Repo) Transactions. The manual has been updated to reflect the Finance Act 2019 provisions relating to stock lending and repo transactions. The introduction to the tax treatment as provided in the updated guide is as follows:
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3. Tax Treatment
3.1 Introduction
The corporation tax treatment of stock lending and repo trans…