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V0042-16 ·8 January 2016 ·consulta-vinculante Medium impact
Tax

Exchange of voting shares for non-voting shares generates capital gains or losses

A shareholder has enquired about Personal Income Tax (IRPF) treatment when converting voting shares into non-voting shares with a minimum dividend. The Directorate General for Taxes (DGT) has ruled that this operation constitutes a barter and must be taxed as a capital gain or loss.

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2016-01-08PublishedPublished 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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