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V1638-19 1 July 2019 · SG de Tributos Criterion in force
OTRO · derechos de suscripción preferente

Pre-emptive subscription rights are considered distinct from shares and are subject to attachment

The inquirer asks whether the attachment of their shares in a listed company also includes their pre-emptive subscription rights. The DGT rules that these rights are distinct assets from the shares themselves and must be subject to attachment in accordance with the rules governing negotiable securities.

The question raised

Cuestión planteada

The DGT's ruling

Los derechos de suscripción preferente tienen la consideración de valores distintos de las acciones de las que derivan. Al ser valores que dan derecho a adquirir acciones, se encuadran como valores negociables. Por tanto, su embargo debe realizarse conforme a lo dispuesto en el artículo 80 del Reglamento General de Recaudación.

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