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V1946-20 ·15 June 2020 ·consulta-vinculante Medium impact
Tax

Financial option transactions are generally taxed as capital gains or losses for Income Tax purposes

The taxpayer inquires about the taxation and timing of buy and sell transactions involving stock options (calls and puts). The DGT rules that, unless they are used for hedging an economic activity, these transactions generate capital gains or losses.

In 6 key points

How it affects those involved

This clarification confirms that most speculative trading in financial options is subject to the savings income tax regime as capital gains or losses, rather than being treated as business income.

Lifecycle

2020-06-15PublishedPublished 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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