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V1232-18 11 May 2018 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · amortización de acciones

Total redemption of shares without consideration results in a capital loss for savings tax purposes

A taxpayer asks whether the redemption of all their shares in a credit institution, without receiving any consideration, constitutes a capital loss. The DGT confirms that it is indeed considered a capital loss.

The question raised

Question posed: Whether the taxpayer has incurred a capital loss as a result of said operation.

The DGT's ruling

Upon the redemption of all shares of the company, the acquisition value cannot be distributed among the remaining homogeneous securities. Therefore, the acquisition value of the redeemed shares must be considered a capital loss. This loss is allocated to the fiscal year in which the capital reduction occurs and is included in the savings tax base.

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