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V2331-20 ·8 July 2020 ·consulta-vinculante Medium impact
Tax

Redemption of inherited preferred shares is taxed as income from movable capital

A taxpayer inquired whether the funds received from the redemption of inherited preferred shares should be classified as a capital gain or as income from movable capital. The Directorate General for Taxes (DGT) ruled that it must be taxed as income from movable capital.

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2020-07-08PublishedPublished 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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