Garrigues, Taxand Spain, provides an update of judgements, rulings and legislation in their recent newsletter. 


The obligation to pay stamp tax (notarial documents) is conditional, among other requirements, on whether the transaction or contract contained in the public deed has valuable economic content.


The Court therefore concluded in this judgement that the renewal of a call option is not subject to stamp tax, because it has no economic content


Discover more: No stamp tax on renewal of call option

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Taxand's Take

It needs to be mentioned here that Madrid High Court took the opposite view in a judgement rendered on 19 November 2013.

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International Tax | Spain

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