We report on a combined soft x-ray absorption and magnetic circular dichroism (XMCD) study at the Co-L3,2 on the hybrid 3d/5d solid state oxide Sr2Co0.5Ir0.5O4 with the K2NiF4 structure. Our data indicate unambiguously a pure high spin state (S = 2) for the Co 3+ (3d 6 ) ions with a significant unquenched orbital moment Lz/2Sz = 0.25 despite the sizeable elongation of the CoO6 octahedra. Using quantitative model calculations based on parameters consistent with our spectra, we have investigated the stability of this high spin state with respect to the competing low spin and intermediate spin states.PACS numbers: 71.70. Ch, 75.47.Lx, 78.70.Dm, 72.80.Ga Cobalt compounds have aroused a great deal of attention in the scientific community because of the complex and large diversity of physical phenomena displayed, including metal-insulating transitions 1-3 , superconductivity 4 , large magneto-resistance 5 and high thermoelectric power 6 . This richness of electronic and magnetic properties is closely related not only to the possibility of stabilizing cobalt in different valence states but also to its ability to present different spin states, the so-called spinstate degree of freedom 7,8 . For example, in an octahedral coordination, Co 3+ ions, which have the d 6 configuration, can exist in three possible spin states: a high spin (HS) state (S = 2, t 4 2g e 2 g ), a low spin (LS) state (S = 0, t 6 2g e 0 g ) and even an intermediate spin (IS) state (S = 1, t 5 2g e 1 g ) 7,9,10 . This spin state degree of freedom is evident in LaCoO 3 where the Co 3+ ions have a non-magnetic LS ground state and undergo a gradual transition with increasing temperature to a magnetic spin state [11][12][13] . The nature of the magnetic spin state (IS or HS) was heavily disputed in literature for over four decades, till an XMCD study clearly demonstrated it to be HS 10 . Calculations of the Co 3+ energy level diagram show that the LS (HS) state can be stabilized by a large (small) value of the crystal field 10Dq. The IS is always higher in energy for CoO 6 octahedra close to regular, like in LaCoO 3 10 .However, the IS state, with one electron in the e g states, is Jahn-Teller active and, hence, can gain energy and become the ground state in the presence of a sufficiently large distortion of the local structure 14 . For this reason the spin state of the Co 3+ ions in layered cobaltates, where the elongated distortion of the CoO 6 octahedra favors and may stabilize the IS state, have been subject of intense debate. In the case of layered La 2−x Sr x CoO 4 , contradicting scenarios for the Co 3+ ions were considered to interpret the complex structural, magnetic and transport properties of the system as a function of Sr doping: LS Co 3+ , IS Co 3+ 15-17 , HS-to-IS transition 18 , and mixing of HS/IS 19,20 . Only recently the spin state of Co 3+ in layered La 2−x Sr x CoO 4 was demonstrated by X-ray absorption spectroscopy (XAS) studies to be LS 21,22 for x = 0.5 and a mixture of LS/HS for x ≥ 1 22-24 . Band formation has been proposed to p...