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V2480-20 ·21 July 2020 ·consulta-vinculante Medium impact
Tax

Exemption on share delivery lost if not held for three years, even in cases of forced sale

A worker inquired whether the forced sale of their shares before the three-year period allows them to retain the Personal Income Tax (IRPF) exemption. The Directorate General for Taxes (DGT) ruled that the Regulations do not provide for exceptions to the holding period, regardless of the reasons for the sale.

In 5 key points

How it affects those involved

Taxpayers receiving shares as part of their remuneration must ensure they hold them for the full three-year period to benefit from the tax exemption, as involuntary sales do not exempt them from the requirement.

Lifecycle

2020-07-21PublishedPublished 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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