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Securities Tax

Securities Taxation Advisory is a specialism of Hansuke. We have practical expertise supported by tax authority experience. Our Managing Director is a leading authority in the field of securities taxation, having worked with leading sovereign institutions, broker-dealers, securities lending agents, asset managers and custodians.


Through our expertise, we assist our clients in the following ways:


  • Designing and implementing best in class withholding tax management systems,

  • Supporting (and outsourcing of) reclamation of withholding taxes,

  • Assistance with the negotiating of taxation terms within market agreements and SLAs,

  • Multi-jurisdictional reviews for new markets and new investments/instruments,

  • Securing robust FIN48 opinions covering treatment of market transactions and capital gains,

  • Analysis of securities financing transactions including rehypothecation,

  • Analysis of give-up trades via FIX and other DMA technology,

  • Negotiating with taxation authorities where inadvertently non-compliance has occurred.

Some notable conferences where we have spoken includes the following:


2015:    Discussant on the “Navigating the Current Regulatory Environment for Synthetic Instruments” panel at the Equilend client event, London


2013:    Presented the session entitled “Taxes and Securities Lending” at Goldman Sachs Agency Lending Annual Securities Lending Conference, Boston


2013:    Lead discussant on the OECD/G20 Base Erosion and Profit Shifting (BEPS) project at International Tax and Investment Centre’s 4th MENA meeting in Tunis


2011:    Conference speech “From Physical to Swap: The implications of transforming a portfolio" at The Synthetic Finance Summit II, London


2011:    Conference speech “Taxation developments impacting International Securities Lending” at The 8th Annual PASLA/RMA Conference on Asian Securities Lending, Singapore


2007:    Led the taxation panel at 9th Conference of Central Securities Depositories (CSD 9) held in Seoul

© 2018 by Hansuke Consulting Limited


Hansuke Consulting Limited is registered in England and Wales number 10136213 with its registered office at: 71-75 Shelton Street, London WC2H 9JQ. Hansuke Consulting Limited is an accredited and regulated member firm of the Institute of Chartered Accountants in England and Wales (ICAEW).


In accordance with the disclosure requirements of the Provision of Services Regulations 2009, our professional indemnity insurer is International General Insurance Co (UK) Limited, of 133 Houndsditch London EC3A 7AH. The territorial coverage is worldwide excluding professional business carried out from an office in the United States of America or Canada and excludes any action for a claim brought in any court in the United States of America or Canada.