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V0892-20 16 April 2020 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · imputación temporal

Crowdlending losses require specific circumstances for temporal imputation

The taxpayer asks when losses from investments in crowdlending, whisky, and investment funds must be imputed. The DGT rules that crowdlending losses can only be imputed if they meet the criteria for overdue and uncollected credits under Article 14.2.k) of the LIRPF, whereas other investments are imputed when the change in assets occurs.

The question raised

Temporal imputation of income derived from investments made under Personal Income Tax.

The DGT's ruling

The loss from non-recoverable capital in crowdlending may only be imputed when the circumstances of overdue and uncollected credits provided for in Article 14.2.k) of the Personal Income Tax Law concur. Regarding investments in whisky or investment funds, gains or losses are imputed to the period in which the change in assets occurs, generally through the transfer or redemption of the investments.

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