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V3398-15 ·5 November 2015 ·consulta-vinculante Medium impact
Tax

Tax treatment of contributing mortgage loans to a new company and their subsequent transfer

An entity has requested clarification on whether contributing a portfolio of mortgage loans to a new company, and the subsequent transfer of its shares, is subject to Stamp Duty (ITPAJD). The DGT has determined that, depending on the nature of the transaction, the incorporation will be exempt and the transfer of securities will not be taxed as they do not constitute real estate.

In 6 key points

How it affects those involved

The ruling clarifies the tax implications for corporate restructuring involving loan portfolios, confirming exemptions for incorporation and non-taxability for the transfer of securities.

Lifecycle

2015-11-05PublishedPublished 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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