spain mortgage law

The Supreme Court decides that customers should pay stamp duty -Spanish banks rise 5%

The Mortgage Tax Conundrum in Spain: The Government Corrects the High Court

“Never again Spaniards will have to pay the mortgage stamp duty”. With these words the Spanish president Pedro Sánchez announced a decree law and gave a new twist to the story of who should be responsible for this tax, just a few hours after the Supreme Court decided that it will be the customer’s duty. The way in which the highest court has managed the decision making process puts into question its credibility.