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V3594-20 ·17 December 2020 ·consulta-vinculante Medium impact
Tax

Capital reduction to offset company losses does not generate capital gains or losses for the shareholder

A sole shareholder inquires whether a company's capital reduction to offset losses has tax implications for their Personal Income Tax (IRPF). The Directorate General of Taxes (DGT) rules that no capital gain or loss arises if the operation is not intended to return capital contributions.

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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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