Spanish banks bounce after court reverses ruling on stamp duty

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Mortgage litigation claims could hit Spanish bank results. –  · Last year, the Spanish government countered a court ruling that would have forced customers to pay mortgage stamp duty by pledging a law obliging banks to pay the tax.

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Controversial ruling of the Spanish Supreme Court in. – In Spain, the stamp duty varies from 0.5% to 1.5% depending on the region and on the amount loaned. The day after the Supreme Court’s decision shares in most spanish banks plummeted. It is estimated that Spanish banks may be facing a bill for 6,500,000,000 Euros in claims from clients.

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Spanish banks under pressure after court ruling on mortgage. – Spanish bank shares fell sharply on Thursday after the Supreme Court ruled banks must pay stamp duty on mortgage loans, potentially costing them billions of euros in compensation and raising.

Spanish Banks Hammered After European Court Rules on Mortgage Repayments Bank stocks in Spain fell sharply after Europe’s highest court ordered them to repay mortgage customers Martin Baccardax

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0H7O.IL: Summary for BANKINTER S.A. BANKINTER ORD SH. – Spanish banks under pressure after court ruling on mortgage stamp duty. Spanish bank shares fell sharply on Thursday after the Supreme Court ruled banks must pay stamp duty on mortgage loans.

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10 May – UK: Tribunal decision on stamp duty land tax (SDLT) rules; may affect commercially driven transactions or structuring. 10 May – UK: Updated VAT rules for “making tax digital” allow supplier statements, include other changes. 9 May – Hungary: VAT reverse-charge mechanism, input VAT deduction (CJEU judgments)

Dissolution of Joint Property Ownership in Spain – Spanish. – EDIT 2015: it is now 1.5% Stamp Duty.. Forced Dissolution of Joint Property Ownership.. (Arts 406 and 1062 of the Spanish Civil Code). The court’s ruling will overrule any dissent and the asset will be disposed of regardless of opposition from fellow co-owners. The property will then be auctioned off publicly to the highest bidder.