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V0714-14 ·14 March 2014 ·consulta-vinculante Medium impact
Tax

Conversion of subordinated debt generates returns on movable capital taxable under the savings tax base

A query was made regarding the tax treatment of converting subordinated bank bonds into shares following a FROB resolution. The DGT has determined that the transaction generates a return on movable capital based on the difference between the repurchase price and the acquisition price.

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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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