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V2770-19 ·9 October 2019 ·consulta-vinculante Medium impact
Tax

Loss exclusion rules do not apply to contracts for differences (CFD)

A query was raised regarding whether rules preventing the deduction of losses from the transfer of assets or homogeneous securities apply to CFDs. The Directorate General for Taxes (DGT) ruled that they do not, as these contracts are neither securities nor transferable assets.

In 6 key points

How it affects those involved

This ruling clarifies that losses incurred through CFDs cannot be offset against other capital gains using the specific exclusion rules reserved for the transfer of assets or securities, as CFDs are classified differently.

Lifecycle

2019-10-09PublishedPublished 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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