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V0030-19 ·3 January 2019 ·consulta-vinculante Medium impact
Tax

Unrealised capital losses can only be recognised when the transfer of securities is final

The taxpayer asks whether they can include in their 2018 Personal Income Tax (IRPF) return capital losses from the sale of shares in 2017 that were not previously reported. The Directorate General for Taxes (DGT) rules that these losses can only be integrated as the securities deemed to be repurchased are transferred and provided that such transfer is final.

In 6 key points

How it affects those involved

This ruling clarifies the timing for offsetting capital losses in cases involving transactions that may be considered repurchases, ensuring that losses are only applied once the disposal of securities is legally and definitively concluded.

Lifecycle

2019-01-03PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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