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V0712-14 ·14 March 2014 ·consulta-vinculante Medium impact
Tax

Conversion of subordinated debt into shares generates investment income or capital gains

The taxpayer seeks clarification on the tax treatment of selling shares following the conversion of subordinated debt via a FROB resolution. The DGT rules that the repurchase and subscription operation generates investment income, whereas the subsequent sale of the shares will result in capital gains or losses.

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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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