According to an old Supreme Court ruling, the purchase of gold and jewellery from private individuals by companies did not have to pay Transfer Tax, since, as they were included in the normal business transactions of the purchasers, they did not have to pay this tax.

Recently the Supreme Court has changed its criteria, according to the new doctrine, there is no legal precept that exonerates the acquirer for the circumstance that he is a trader acting within his business activity. The acquisition of movable property from private individuals is taxed by ITP regardless of the condition of the acquirer, unless the law expressly provides for an exemption.