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V1319-20 ·8 May 2020 ·consulta-vinculante Medium impact
Tax

Obligation to file an Income Tax return if capital losses are equal to or greater than €500

A taxpayer inquired whether they were required to file a 2019 Income Tax return given they had no employment income but did incur a capital loss from the sale of a family home. The Directorate General for Taxes (DGT) ruled that filing is mandatory.

In 5 key points

How it affects those involved

Taxpayers must be aware that capital losses, even in the absence of employment income, can trigger the obligation to file an Income Tax return if the loss meets the minimum threshold.

Lifecycle

2020-05-08PublishedPublished 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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