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V1881-25 14 October 2025 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · renta del ahorro

Losses from 2020 cannot be offset against 2025 gains due to expiry of four-year period

The consultant asks whether 2020 capital losses can be offset against 2025 gains. The DGT replies that the four-year period for offsetting has expired.

The question raised

Possibility of offsetting capital losses pending offset from the 2020 period against capital gains obtained in 2025.

The DGT's ruling

Capital losses from the 2020 fiscal year may be offset in the following four years (2021, 2022, 2023, and 2024). In the 2025 tax period, such offset is no longer possible as the period established in Article 49 of the Personal Income Tax Law (LIRPF) has expired.

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