Mortgage News

Spanish banks bounce after court reverses ruling on stamp duty

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Spanish banks must repay customers more than 4 billion euros (3.9 billion pounds) after Europe’s top court overturned on Wednesday a Spanish ruling that capped liabilities relating to a disputed.

"Based on rulings by the Supreme Court and the Provincial Appellate Court of Zaragoza," explains an article in English at the Spanish daily EL PAS, "lawyers consulted by EL PAS said it is the banks who should put up with the cost of processing the stamp duty. On the other hand, the provincial appellate courts of Oviedo and Pontevedra.

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In February of this year, the Supreme Court by means of its Civil Court issued a ruling that stated the mortgage holder is responsible for payment of the corresponding Stamp Duty, however, this same ruling was OVERTURNED by its own Court for Contentious-Administrative Proceedings in an unprecedented action last Tuesday 16th October 2018 and recorded under Ruling Number 1505/2018.

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Spanish banks under pressure after court ruling on mortgage stamp duty. By. after the supreme court ruled banks must pay stamp duty on mortgage loans, potentially costing them billions of euros.

Spanish banks bounce after court reverses ruling on stamp duty MADRID, Nov 6 (Reuters) – Spain’s Supreme Court said on Tuesday that customers and not banks will have to pay for stamp duty on mortgages from now on, reversing a ruling from mid-October and. Bereaved families denied benefit despite supreme court ruling GE Ventures Is In Trouble & Looking For A Buyer For Its 100+ Startups | CleanTechnica Explore Glassdoor.

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.

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