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V1274-23 ·12 May 2023 ·consulta-vinculante Medium impact
Tax

Capital losses cannot be claimed if homogeneous securities are repurchased within two months before or after the sale

A taxpayer inquired whether certain losses from the sale of shares could be included in their 2022 Personal Income Tax (IRPF) return. The Directorate General for Taxes (DGT) ruled that such losses cannot be offset if homogeneous securities are acquired within a two-month period before or after the disposal.

In 6 key points

How it affects those involved

This ruling clarifies the restrictions on offsetting capital losses to prevent tax avoidance through rapid repurchase of similar assets.

Lifecycle

2023-05-12PublishedPublished 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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