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V1777-20 4 June 2020 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · acciones liberadas

Acquisition value of bonus shares is determined by dividing total cost among all shares

A query was raised regarding how to calculate the acquisition value and the holding period of bonus shares received instead of dividends. The DGT ruled that the total cost is distributed between the original shares and the bonus shares, and that the holding period of the bonus shares depends on the pre-existing shares required to obtain them.

The question raised

Calculation of the value of bonus shares received and determination of the holding period for the purposes of a sale of shares.

The DGT's ruling

The acquisition value of fully paid-up bonus shares results from dividing the total cost by the number of securities, including both the original and the bonus shares. The holding period of each bonus share shall be determined by the holding period of the last pre-existing share required for its acquisition, applying the FIFO method. In the case of shares obtained through capital increases, their holding period shall be the subscription date.

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