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V1211-18 10 May 2018 · SG de Tributación de las Operaciones Financieras Criterion in force
IRPF · rendimientos del capital mobiliario

The difference between the value of new shares and old bonds constitutes capital gains

The consultant asks how to tax the bond-to-share and new bond swap operation in a German bank. The tax authority states that the value difference constitutes capital gains and examines the obligation to report such values abroad.

The question raised

Cuestión planteada 1. Tributación correspondiente a esta operación en el Impuesto sobre la Renta de las Personas Físicas.

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