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V3107-15 ·15 October 2015 ·consulta-vinculante Medium impact
Tax

Suspension of trading in savings bank shares does not constitute a capital loss

A taxpayer inquired whether they could declare a capital loss for Personal Income Tax (IRPF) purposes due to the suspension of trading in their savings bank participating shares. The Directorate General for Taxes (DGT) ruled that since there has been no change in the composition of the taxpayer's assets, no capital loss can be recognised.

In 6 key points

How it affects those involved

This ruling clarifies that the mere inability to trade shares does not trigger a tax-deductible loss; a real change in the asset's ownership or value must occur.

Lifecycle

2015-10-15PublishedPublished 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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