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A taxpayer holding the usufruct of shares through a fideicommissary substitution requested guidance on calculating income from the distribution of a share premium reserve. The DGT ruled that the rule for reducing the acquisition value cannot be applied, and the full amount received must be taxed.
Cuestión planteada Valor de adquisición que debe atribuirse a las acciones a efectos del cálculo del rendimiento obtenido por el reparto de la prima de emisión, en aplicación de la regla de cálculo establecida en el artículo 25.1.e) de la Ley del impuesto sobre la Renta de las Personas Físicas.
La regla de cálculo que permite minorar el valor de adquisición por el importe de la reserva distribuida solo es aplicable al propietario de la participación. Para el usufructuario, la renta derivada de su derecho es independiente del precio pagado por el propietario. Por tanto, el importe percibido por el usufructuario por la distribución de la prima de emisión tributará como rendimiento íntegro en su totalidad. Asimismo, no le será aplicable la exención de los 1.500 euros por dividendos ni la obligación de retención.
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