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V1301-15 28 April 2015 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · valor de adquisición

Share acquisition value must be the actual amount paid, not the nominal value

A taxpayer inquired whether they could use the nominal value of shares to calculate capital gains in the absence of the original purchase document. The Directorate General for Taxes (DGT) ruled that the acquisition value is the actual amount paid, which must be substantiated by legally admissible evidence.

The question raised

Whether, in order to determine its acquisition value, the nominal value of the shares could be considered as the purchase price.

The DGT's ruling

The acquisition value of the assets is composed of the actual amount for which the acquisition was carried out, plus the inherent expenses and taxes. This actual amount must be effectively paid by the taxpayer, and its substantiation must be provided to the management and inspection bodies through the means of proof admitted by law.

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