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V1276-25 ·10 July 2025 ·consulta-vinculante Medium impact
Tax

Loss from selling Telefónica shares can be recognised if homogenous shares are not acquired

The consultant asks whether a capital loss can be recognised when selling Telefónica shares to buy Repsol shares. The DGT responds that the loss is allowable provided the homogeneity exception is not met.

In 6 key points

Lifecycle

2025-07-10PublishedPublished 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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