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V1214-21 ·4 May 2021 ·consulta-vinculante Medium impact
Tax

Compensation for bond conversion and statutory interest are subject to savings tax base

A taxpayer has requested clarification regarding the tax treatment of compensation received from the forced conversion of subordinated bonds into shares, as well as statutory interest arising from a court ruling. The Directorate General for Taxes (DGT) has determined that the compensation constitutes income from movable capital, while the statutory interest is classified as capital gains; both are integrated into the savings tax base.

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2021-05-04PublishedPublished 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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