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V1389-18 ·28 May 2018 ·consulta-vinculante Medium impact
Tax

Total redemption of shares and subordinated bonds results in capital losses and negative investment income

A taxpayer requested clarification regarding the taxation of the non-compensatory redemption of shares and subordinated bonds held in a credit institution. The DGT has ruled that the redemption of all shares constitutes a capital loss, while the redemption of the bonds is classified as negative income from movable capital.

In 6 key points

How it affects those involved

This ruling clarifies the tax treatment for taxpayers holding instruments in credit institutions that undergo total redemption without compensation, distinguishing between capital losses and negative investment income for tax purposes.

Lifecycle

2018-05-28PublishedPublished 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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