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V1132-14 ·22 April 2014 ·consulta-vinculante Medium impact
Tax

Conversion of subordinated debt generates investment income in the savings tax base

The tax treatment of the conversion of subordinated bonds into shares, following the FROB resolution, has been consulted. The DGT determines that the transaction generates investment income based on the difference between the repurchase price and the acquisition value.

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2014-04-22PublishedPublished 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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