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V0570-22 ·18 March 2022 ·consulta-vinculante Medium impact
Tax

Share acquisitions in an accelerated private placement for a capital increase may be exempt from ITF

An investment services firm enquired whether share acquisitions via an accelerated private placement and subsequent securities lending were subject to the Financial Transactions Tax (ITF). The DGT ruled that these transactions are exempt as they derive from a share issue and are of an instrumental nature.

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2022-03-18PublishedPublished 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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