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V0372-14 ·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 inquires about the tax treatment of converting subordinated bank bonds into shares following the FROB resolution. The DGT rules that the transaction generates income from movable capital, calculated as the difference between the repurchase price and the acquisition value.

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2014-02-13PublishedPublished 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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