## [Tax Newsletter - February 2019](/en_GB/new/tax-newsletter-february-2019) # Tax Newsletter - February 2019 España - 02 / 28 / 2019 - - [](https://www.linkedin.com/sharing/share-offsite/?url=https://www.garrigues.com/en_GB/new/tax-newsletter-february-2019) - []() - []() [DOWNLOAD DOCUMENT ![Download](/sites/default/files/inline-images/flecha-abajo.png)](/sites/default/files/noticias/files/tax_newsletter_february_2019.pdf) Previous Next ![](/sites/default/files/noticias/img/20190301_imagen_newsletter_grande.jpg) ## [**Spanish courts start overturning penalties related to form 720**](https://www.garrigues.com/en_GB/new/spanish-courts-start-overturning-penalties-related-form-720) A Castilla y León high court judgment has rendered the penalties imposed on a taxpayer null and void. [****KEEP READING****](https://www.garrigues.com/en_GB/new/spanish-courts-start-overturning-penalties-related-form-720) ### [**Judgments**](https://www.garrigues.com/en_GB/new/tax-newsletter-february-2019-judgments) - **VAT.-** CJEU clarifies how to calculate deductible VAT on costs incurred by a branch for the benefit of its head office - **Administrative procedure.-** Delay in deciding a contradictory expert appraisal procedure does not mean acceptance of the taxpayer’s valuation - ****Administrative procedure**.-** Where the tax authorities have been using email to send notices, they must carry on using them in later communications [****VIEW MORE****](https://www.garrigues.com/en_GB/new/tax-newsletter-february-2019-judgments) ### [**Decisions**](https://www.garrigues.com/en_GB/new/tax-newsletter-february-2019-decisions) - **Corporate income tax.-** Accelerated depreciation may only be elected in the statutory filing period for the return - **Transfer tax.-** Charging transfer tax on capital increases is precluded by EU law - **Transfer and stamp tax.-** The tax base for early exercise of a call option under a finance lease is the exercise price - **Inheritance and gift tax.-** If an heir dies without accepting an inheritance only one taxable event occurs - **Management procedure.-** Misuse of a limited audit procedure does not render the audit null and void as a matter of law - **Administrative procedure.-** Two contradictory attempts at notification are not valid - **Collection procedure.-** Individual enforcement action may be commenced after the insolvency proceeding has ended if new assets or rights belonging to the debtor appear [****VIEW MORE****](https://www.garrigues.com/en_GB/new/tax-newsletter-february-2019-decisions) ### [**Rulings**](https://www.garrigues.com/en_GB/new/tax-newsletter-february-2019-rulings) - **Personal income tax.-** DGT clarifies the personal income tax treatment for a property lease with a call option - **Personal income tax.-** Acquisition of treasury shares is taxed as withdrawal of shareholders - **Transfer tax.**- If the transfer is not documented, the tax will fall due when the return is filed - **Inheritance and gift tax.-** DGT recognizes that autonomous community legislation may be applied to the estate of a deceased resident of a third country [****VIEW MORE****](https://www.garrigues.com/en_GB/new/tax-newsletter-february-2019-rulings) ### [**Legislation**](https://www.garrigues.com/en_GB/new/tax-newsletter-february-2019-legislation) - A number of forms for the tax on hydrocarbons have been amended or eliminated - Urgent measures approved to mitigate the damage caused by storms and other catastrophes - Royal Decree-Law 21/2018 on housing and rental has been repealed [****VIEW MORE****](https://www.garrigues.com/en_GB/new/tax-newsletter-february-2019-legislation) [Tax](/en_GB/tags/tax), [Spain](/en_GB/tags/spain) ### Contact ![Eduardo Abad Valdenebro - Garrigues](/sites/default/files/styles/medium/public/team/photo/Eduardo_Abad_Valdenebro_en_20260611.jpg?itok=XJmuqiG8) [Eduardo Abad](/en_GB/team/eduardo-abad-valdenebro) ![](/themes/custom/garriguestheme/img/iconos/email-contacto.svg)[Contact]() - 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