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V0503-21 ·5 March 2021 ·consulta-vinculante Medium impact
Tax

Income from shares, futures, CFDs, forex and commodities taxed as capital gains or losses

A taxpayer has enquired about the taxation of short-term income from operations involving shares, futures, commodities, CFDs and forex. The Directorate General for Taxes (DGT) responds that, unless they are for hedging economic activities, these incomes are classified as capital gains or losses.

In 6 key points

How it affects those involved

This ruling clarifies the tax treatment of various financial instruments, confirming they fall under the savings tax base as capital gains or losses rather than business income, provided they are not used for hedging economic activities.

Lifecycle

2021-03-05PublishedPublished 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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