Skip to content
V0370-14 ·13 February 2014 ·consulta-vinculante Medium impact
Tax

Conversion of subordinated debt into shares generates income from movable capital for Income Tax purposes

The taxpayer enquires about the tax treatment of converting subordinated bonds into shares following a FROB resolution. The DGT rules that the transaction generates income from movable capital based on the difference between the repurchase price and the acquisition price.

In 6 key points

Lifecycle

2014-02-13PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

Does this provision affect you?

The tax team reviews your specific situation.

Talk to the tax team
This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
Email
Contact