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An insurer asks whether replacing the issuing company with its parent company, which is already a guarantor, results in the extinction of existing securities and the creation of new ones, or merely a modification. The DGT responds that, as conditions remain unchanged and the new debtor is already a guarantor, it constitutes a modifying novation.
Cuestión planteada Si la sustitución de la sociedad emisora de las obligaciones, como deudor, por la sociedad cotizada matriz, que es garante de dichos valores, permaneciendo invariables el resto de las condiciones de la emisión, tendría, a efectos de posibles implicaciones fiscales para la consultante, la consecuencia de entender producida la cancelados dichos valores y sustituidos por otros nuevos o bien si cabe considerar producida únicamente una novación meramente modificativa en los citados valores.
El acuerdo de sustituir a la entidad emisora por la matriz garante, con el consentimiento del acreedor y sin alterar otras condiciones de los valores, constituye una novación meramente modificativa. Al no producirse la extinción de la obligación original ni la creación de una nueva, los valores se consideran subsistentes. Por tanto, este cambio de deudor no genera efectos en el Impuesto sobre Sociedades de la entidad consultante.
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