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V3222-20 ·28 October 2020 ·consulta-vinculante Medium impact
Tax

FIFO method applied to identify shares transferred in a gift of securities

The taxpayer asks which acquisition value should be used for donated shares that were acquired in different batches. The DGT rules that when securities are homogeneous, the FIFO (First-In, First-Out) method must be applied to identify which specific securities are being transferred.

In 6 key points

How it affects those involved

This ruling clarifies the methodology for calculating capital gains in transactions involving homogeneous securities, ensuring consistency in tax reporting for gifts and donations.

Lifecycle

2020-10-28PublishedPublished 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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