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MEDIUM
FISCAL

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

V0974-25

Prepared and reviewed by the BMC editorial team  ·  Methodology

Technical details

Type
consulta-vinculante (what is this?)
Identifier
V0974-25
Published
9 Jun 2025

Summary

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

Lifecycle

2025-06-09PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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