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V0728-17 ·21 March 2017 ·consulta-vinculante Medium impact
Tax

Negative returns due to issuer insolvency

A taxpayer asks whether a loss can be declared on bonds acquired through a bank due to the issuer's insolvency. The DGT responds that negative returns will be recognised when the position is closed and the full credit liquidation is deemed complete.

In 6 key points

How it affects those involved

The recognition of negative returns upon credit liquidation affects the taxpayer's capital gains and loss reporting.

Lifecycle

2017-03-21PublishedPublished 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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