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V3574-20 ·17 December 2020 ·consulta-vinculante Medium impact
Tax

Capital reduction to zero with simultaneous increase does not generate income for Personal Income Tax if no contributions are returned

A shareholder inquires about the tax implications of a capital reduction to zero followed by an immediate capital increase in which they subscribe to new shares. The DGT rules that no income is generated if there is no return of contributions and explains how to calculate the new acquisition value.

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2020-12-17PublishedPublished 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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