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V0282-22 ·15 February 2022 ·consulta-vinculante Medium impact
Tax

Calculating gains on foreign currency shares and currency conversion

The taxpayer inquires about the method for calculating income from the purchase and sale of US shares in dollars and the subsequent conversion of those dollars into euros. The Directorate General for Taxes (DGT) rules that shares must be valued in their denomination currency and the difference must be converted into euros using the official ECB exchange rate.

In 6 key points

How it affects those involved

This ruling clarifies the standard procedure for calculating capital gains on foreign securities, ensuring consistency in applying exchange rates for tax purposes.

Lifecycle

2022-02-15PublishedPublished 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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