Legislator Case Law & Legislation
KHO:1998:10 AI generated

Supreme Administrative Court ruled that a Finnish client's London branch debt note was exempt from stamp duty under the Stamp Duty Act.

Case Number KHO:1998:10
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Allowed / Granted

Legislator summary

AI generated

The Supreme Administrative Court granted a preliminary ruling confirming that a debt note issued by a Finnish client to its London branch was exempt from stamp duty. The court found that the transaction fell within the specific exemption provisions of the Stamp Duty Act for notes issued by Finnish clients to their foreign branches. Consequently, the court determined that the note was not subject to the standard stamp duty obligations applicable to other instruments.

Legislator headnote

AI generated

LeimaveroL 47 §; The Supreme Administrative Court held that a debt note issued by a Finnish client to its foreign branch is exempt from stamp duty under the Stamp Duty Act.

Keywords

AI generated
Stamp Duty Act Finnish client foreign branch debt note exemption preliminary ruling stamp duty liability cross-border transaction

Cited Legislation

AI generated
LeimaveroL 47 §
AI generated

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Full text

Suomalaisen asiakkaan suomalaisen pankin Lontoossa olevalle sivukonttorille antama markkamääräinen velkakirja oli leimaverosta vapaa.

Ennakkoratkaisu ajaksi 1.1.1996-31.12.1996.

LeimaveroL 47 §