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V0505-23 ·2 March 2023 ·consulta-vinculante Medium impact
Tax

Acquisition value of fully paid-up shares is calculated by dividing total cost by all shares

A sole shareholder receives new shares through a capital increase funded by reserves. The DGT rules that the issuance of these fully paid-up shares does not constitute income; however, their acquisition value for future sales is determined by dividing the cost of the original shares by the total number of shares.

In 6 key points

How it affects those involved

This ruling clarifies the tax basis for shares acquired through capitalisation of reserves, ensuring that the cost of original holdings is spread across the new total number of shares to prevent artificial capital gains.

Lifecycle

2023-03-02PublishedPublished 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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