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V1761-22 ·22 July 2022 ·consulta-vinculante Medium impact
Tax

Endorsing a cheque with a 'not to order' clause may be subject to ITPAJD

The inquirer asks whether endorsing cheques for collection that contain a 'not to order' clause is subject to Transfer Tax and Documented Legal Acts Tax (ITPAJD). The DGT indicates that if an endorsement is made, the document is transformed into an 'to order' instrument and becomes subject to the tax.

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2022-07-22PublishedPublished 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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