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V0974-25 ·9 June 2025 ·consulta-vinculante Medium impact
Tax

The difference between subscription amount and state bonds' nominal value is taxed at maturity

The consultant asks when the difference between the purchase price and the nominal value of state bonds held until maturity should be taxed. The DGT responds that this difference is a return on capital and is attributed to the period in which amortisation occurs.

In 6 key points

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2025-06-09PublishedPublished 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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