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V1864-14 ·11 July 2014 ·consulta-vinculante Medium impact
Tax

An SPV may be treated as a credit institution to bypass financial expense deductibility limits

A query was raised regarding whether a special purpose vehicle (SPV) created by a credit institution can be classified as a credit institution to avoid the financial expense deductibility limit set out in Article 20 of the TRLIS. The DGT ruled that if the SPV is part of a consolidable group and is subject to Bank of Spain supervision and the obligations of Law 13/1985, it may be treated as a credit institution.

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2014-07-11PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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