Skip to content
V0567-22 ·18 March 2022 ·consulta-vinculante Medium impact
Tax

Share acquisitions in an accelerated private placement for capital increases may be exempt from Transaction Tax

An investment services firm sought clarification on whether share acquisitions via an accelerated private placement and a prior securities lending arrangement were subject to Transaction Tax (ITF). The Directorate General for Tax (DGT) ruled that the transaction is exempt as it derives from a share issue and serves an instrumental purpose for distribution.

In 6 key points

How it affects those involved

This ruling provides legal certainty for companies undertaking capital increases through accelerated private placements, confirming that such transactions do not trigger Transaction Tax if they are linked to a share issue and serve an instrumental role.

Lifecycle

2022-03-18PublishedPublished 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