Skip to content
V0713-14 ·14 March 2014 ·consulta-vinculante Medium impact
Tax

Repurchase of preferred shares generates investment income for Personal Income Tax purposes

A query was made regarding the tax treatment of converting preferred shares into ordinary shares following a FROB resolution and the impact of a favorable arbitral award. The DGT ruled that the transaction generates investment income based on the difference between the repurchase price and the acquisition price.

In 6 key points

Lifecycle

2014-03-14PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

Does this provision affect you?

The tax team reviews your specific situation.

Talk to the tax team
This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
Email
Contact