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A taxpayer asks whether they can declare a negative return on movable capital due to Russian bonds that cannot be transferred or collected due to sanctions. The DGT responds that the impossibility of transferring the bonds does not generate a negative return and that the lack of collection may be due to the fact that amortization or the exigibility of payment has not occurred.
Question posed: Whether a negative return on movable capital can be computed in their Personal Income Tax return as a consequence of the situation of said bonds.
The impossibility of transferring the bonds due to restrictive measures does not constitute a situation that determines the obtaining of a negative return on movable capital based on the acquisition value. If the bonds have matured but have not been collected, it may be that amortization has not occurred or that, being withheld by regulatory prohibitions, the exigibility of payment has not occurred pursuant to Article 14.1 of the LIRPF. In both cases, the negative return cannot be computed.
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