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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.
Cuestión planteada : Se plantea si la SPV puede asimilarse a una entidad de crédito a los efectos de lo dispuesto en el artículo 20 del TRLIS.
Las sociedades instrumentales cuya actividad principal suponga una prolongación del negocio de las entidades de crédito o la prestación de servicios auxiliares forman parte de su grupo consolidable. Si la SPV forma parte de dicho grupo consolidable, está sometida al cumplimiento de coeficientes de inversión, recursos propios y supervisión del Banco de España, cabe asimilarla a una entidad de crédito según el artículo 20.6.a) del TRLIS. Por tanto, no le resulta aplicable la limitación a la deducibilidad de gastos financieros.
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