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V1495-18 ·1 June 2018 ·consulta-vinculante Medium impact
Tax

Taxpayers must prove the actual acquisition cost of shares to calculate capital gains or losses

A taxpayer inquired how to determine the acquisition value of listed shares to calculate capital gains or losses upon sale, given that the original purchase documentation was not preserved. The Directorate General of Taxes (DGT) responded that the acquisition value is the actual amount paid and that the taxpayer must provide evidence of this cost.

In 6 key points

How it affects those involved

This ruling reinforces the taxpayer's burden of proof regarding the cost basis of assets, meaning that without documentation, the acquisition value may be challenged by tax authorities.

Lifecycle

2018-06-01PublishedPublished 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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