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V0207-24 ·26 February 2024 ·consulta-vinculante Medium impact
Tax

Calculating capital gains or losses on foreign currency funds using exchange rates from acquisition and redemption dates

A taxpayer inquired about determining the income from the final redemption of fund units denominated in US dollars following a tax-deferred transfer. The Directorate General for Taxes (DGT) ruled that the gain or loss must be calculated by converting both the acquisition value and the redemption value into euros using the exchange rates applicable on their respective dates.

In 6 key points

How it affects those involved

This ruling clarifies the methodology for calculating capital gains or losses in funds denominated in foreign currencies, specifically regarding the application of exchange rates at the time of acquisition and redemption to ensure correct tax reporting.

Lifecycle

2024-02-26PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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