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V1772-17 ·7 July 2017 ·consulta-vinculante Medium impact
Tax

Proof of acquisition value and company liquidation required to calculate losses

The taxpayer asks how to tax the sale of listed shares without supporting documentation and the loss of value in shares of a bankrupt US company. The DGT states that the actual acquisition amount must be proven and that bankruptcy does not automatically trigger a loss without formal liquidation.

In 6 key points

How it affects those involved

Taxpayers must maintain rigorous documentation of share acquisition costs and formal liquidation processes to claim capital losses for tax purposes.

Lifecycle

2017-07-07PublishedPublished 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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