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V1617-23 ·7 June 2023 ·consulta-vinculante Medium impact
Tax

Capital losses on savings bank shares cannot be recognised without a change in asset composition

A query was raised regarding whether a capital loss can be recognised for Personal Income Tax (IRPF) purposes due to the holding of participating shares in savings banks. The Directorate General for Taxes (DGT) ruled that a loss cannot be recognised unless there is a change in the composition of the taxpayer's assets.

In 5 key points

How it affects those involved

Taxpayers cannot claim tax relief for unrealised losses on savings bank shares; a disposal or change in asset structure is required to trigger the loss.

Lifecycle

2023-06-07PublishedPublished 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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