The Income Tax (Stock Lending) Regulations 1989
These Regulations provide for the application of section 129 of the Income and Corporation Taxes Act 1988 (“the principal section”) to transfers made after 17th August 1989 in pursuance of stock lending arrangements. They also specify the conditions which must be fulfilled before the reliefs from income tax and capital gains tax conferred by the principal section and section 149B(9) of the Capital Gains Tax Act 1979 (“section 149B(9)”) (and, by virtue of section 727(2) of the 1988 Act, from the charge on accrued interest) can apply to such transfers.