The hydrostannylation of phosphaalkynes 8 with tin hydrides 1 depends on the stoichiometry employed: Thus, the 1,2‐dihydro‐1,3‐diphosphetes 10 are isolated when an excess of phosphaalkyne 8 is used. On the other hand, an increase in the tin hydride concentration favors the formation of the phosphanes 11 and 12. Synthesis of the 1,2‐dihydro‐1,3‐diphosphetes 14 and 16 was achieved by the use of diorganotin hydrides 13 or chloro(organo)tin hydrides 4, respectively. An isolated and characterized by‐product of the latter reaction was the phosphorus‐carbon‐tin cage 17. Furthermore, the following reactions of the 1,2‐dihydro‐1,3‐diphosphetes 10 were performed: isomerization reactions, complexation reactions with transition‐metal complexes, and substitution of the hydrogen atom by iodine.