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V3460-20 ·30 November 2020 ·consulta-vinculante Medium impact
Tax

Capital losses may be recognised on the sale of shares received in a fully paid-up bonus issue

A shareholder has enquired whether it is possible to recognise a capital loss when immediately selling shares received through a fully paid-up bonus issue. The DGT has ruled that this is permissible, provided the anti-avoidance rules regarding the purchase of homogeneous securities do not apply.

In 6 key points

How it affects those involved

This ruling clarifies the tax treatment of bonus issues, confirming that capital losses can be realised provided the transaction does not trigger anti-avoidance provisions related to the acquisition of similar securities.

Lifecycle

2020-11-30PublishedPublished 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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