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V0094-18 ·18 January 2018 ·consulta-vinculante Medium impact
Tax

The acquisition value of shares cancelled in a total capital reduction is considered a capital loss

The taxpayer asks whether the cancellation of all their shares in a credit institution, without consideration, results in a capital loss. The DGT rules that a capital loss is indeed incurred based on the acquisition value of said shares.

In 5 key points

How it affects those involved

This ruling clarifies the tax treatment of total capital reductions without compensation, confirming that shareholders can recognise a capital loss for tax purposes.

Lifecycle

2018-01-18PublishedPublished 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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