Encyclopedia

Tax base for the operation of borrowing securities

8 October 2026, 16:15

The tax base for the operation of lending securities is determined as follows: the creditor recognizes, for the purposes of taxation, the income specified in paragraph 5 of this article, in accordance with the order established by paragraph 5 of this article, and the income (loss) from the realization of securities not returned under the loan agreement, calculated on the date of completion of the procedure for settling mutual claims based on the market price of the security that is the subject of the lending operation, and if there is no market price - based on the calculated price of the security that is the subject of the lending operation; the borrower recognizes, for the purposes of taxation, the expenses specified in paragraph 5 of this article, in accordance with the order established by paragraph 5 of this article, and the income (loss) from the acquisition of securities not returned under the loan agreement, calculated on the date of completion of the procedure for settling mutual claims based on the market price of the security that is the subject of the lending operation, and if there is no market price - based on the calculated price of the security (ceased to be in force as of 2019-05-01)¹.

Tax Code of the Russian Federation, as amended on 2019-01-01, Art. 214-4, para. 7, ceased to be in force from 2019-05-01 // RSZ RF. 2000. No. 32. Art. 3340. ↩

Download