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V1979-15 ·25 June 2015 ·consulta-vinculante Medium impact
Tax

Requirements for recognising a capital loss on an uncollected credit

A taxpayer asks whether a loss can be declared after the theft of their bitcoins from an investment platform. The DGT responds that the non-payment of a credit does not automatically result in a loss; a loss only arises when the credit right is judicially uncollectable.

In 6 key points

How it affects those involved

Taxpayers must establish judicially uncollectable credit rights to claim a capital loss on uncollected credits, such as those involving cryptocurrency.

Lifecycle

2015-06-25PublishedPublished 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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