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V1790-19 ·11 July 2019 ·consulta-vinculante Medium impact
Tax

Immediate conversion and transfer of subordinated bonds generates negative returns on movable capital

A taxpayer whose subordinated debt was converted into shares to be immediately transferred to a buyer without receiving any consideration seeks clarification on the tax treatment. The DGT determines that this must be treated as a single redemption operation of the bonds.

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Lifecycle

2019-07-11PublishedPublished 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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