Skip to content
V0278-22 ·15 February 2022 ·consulta-vinculante Medium impact
Tax

Nominative cheques without 'to order' clause or endorsement are not subject to tax on documented legal acts

A query was raised regarding whether the issuance and collection of cheques to access funds from a joint account is subject to ITPAJD. The DGT ruled that if the cheque does not include an 'to order' clause and is not intended for endorsement, the taxable event does not occur.

In 6 key points

How it affects those involved

This ruling clarifies that specific types of nominative cheques do not trigger the tax on documented legal acts, provided they lack the 'to order' clause and are not endorsed.

Lifecycle

2022-02-15PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

Does this provision affect you?

The tax team reviews your specific situation.

Talk to the tax team
This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
Email
Contact