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V0507-24 ·8 April 2024 ·consulta-vinculante Medium impact
Tax

Share acquisition to hedge a total return swap is exempt from ITF if conducted as part of market-making activities

A credit institution has enquired whether the purchase of shares to hedge a total return swap (TRS) derivative is exempt from the Financial Transactions Tax (ITF). The Directorate-General for Taxes (DGT) has ruled that the transaction is exempt if carried out within the framework of market-making activities.

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2024-04-08PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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