The Resource Spanish tax issued to consider when acquiring debt and debt restructuring

Spanish tax issued to consider when acquiring debt and debt restructuring

Label
Spanish tax issued to consider when acquiring debt and debt restructuring
Title
Spanish tax issued to consider when acquiring debt and debt restructuring
Creator
Subject
Language
eng
Summary
Sales of under-performing or non-core loan portfolios by Spanish and non-Spanish financial institutions, and also by Spanish "bad bank" SAREB, are expected to continue during 2015, due to the deleveraging process caused by regulatory requirements and increased focus on profitability, and to the reduction in sell/buy price expectations gap. This provides an opportunity for overseas buyers to purchase distressed loans of Spanish entities at significant discounts. Taxes may have a significant impact in the return of these investments. This article summarizes some of the main Spanish tax issues that should be considered both in the purchase of debt and also in the subsequent restructuring of such debt, taking into account the significant tax amendments approved during 2014 and Spain's tax reform that came into force in 2015. It also includes some comments on the tax treatment of so-called FABs (Fondos de Activos Bancarios), which are special funds designed to facilitate the disposal of assets by SAREB
Citation source
In: Tax planning international : European tax service. - London. - Vol. 17 (2015),
http://library.link/vocab/creatorName
  • Gazulla, J
  • Moscoso del Prado, A
Geographic coverage
  • European Union
  • Europe
Language note
English
http://library.link/vocab/subjectName
  • debt restructuring
  • withholding tax
  • SPV
  • VAT
  • debt-equity swap
Label
Spanish tax issued to consider when acquiring debt and debt restructuring
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Publication
Label
Spanish tax issued to consider when acquiring debt and debt restructuring
Publication

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