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V3216-20 ·28 October 2020 ·consulta-vinculante Medium impact
Tax

The taxable base for mortgage loan novation is the economic content of the modified financial clauses

A query was made regarding the taxable base for a novation intended to extend the term of a mortgage loan where the lender is not a credit institution. The DGT determines that, if the lender is a businessperson or professional, the transaction is subject to the variable rate of Stamp Duty (AJD), and the taxable base is the economic content of the assessable financial clauses.

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2020-10-28PublishedPublished 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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