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V0677-24 ·15 April 2024 ·consulta-vinculante Medium impact
Tax

Capital losses from company dissolution are included in Personal Income Tax upon liquidation

A taxpayer inquired whether they could declare a capital loss resulting from the dissolution of two companies they own. The Directorate General of Taxes (DGT) ruled that while the gain or loss is determined by the difference between the market value of the assets received and their acquisition value, it is only incorporated into the taxable base once the liquidation is completed.

In 6 key points

How it affects those involved

This ruling clarifies the timing for tax reporting regarding capital losses in corporate dissolution processes, emphasizing that the tax event occurs at the liquidation stage rather than the dissolution stage.

Lifecycle

2024-04-15PublishedPublished 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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