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

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.