The Resource Spanish tax issued to consider when acquiring debt and debt restructuring
Spanish tax issued to consider when acquiring debt and debt restructuring
Resource Information
The item Spanish tax issued to consider when acquiring debt and debt restructuring represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation.This item is available to borrow from 1 library branch.
Resource Information
The item Spanish tax issued to consider when acquiring debt and debt restructuring represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation.
This item is available to borrow from 1 library branch.
- 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
- Language
- eng
- Label
- Spanish tax issued to consider when acquiring debt and debt restructuring
- Title
- Spanish tax issued to consider when acquiring debt and debt restructuring
- 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
- Label
- Spanish tax issued to consider when acquiring debt and debt restructuring
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.ibfd.org/portal/Spanish-tax-issued-to-consider-when-acquiring/HxwUwDdE64g/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.ibfd.org/portal/Spanish-tax-issued-to-consider-when-acquiring/HxwUwDdE64g/">Spanish tax issued to consider when acquiring debt and debt restructuring</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.ibfd.org/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.library.ibfd.org/">International Bureau of Fiscal Documentation</a></span></span></span></span></div>
