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V0711-14 ·14 March 2014 ·consulta-vinculante Medium impact
Tax

Conversion of preferred shares into ordinary shares generates income from movable capital

The taxpayer inquires about the tax treatment of converting preferred shares into ordinary 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 value.

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2014-03-14PublishedPublished 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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