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V2056-14 28 July 2014 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · acciones totalmente liberadas

Fully paid-up bonus shares are not taxable as income and retain the original shares' acquisition date

A taxpayer received fully paid-up bonus shares instead of cash dividends and inquired about their acquisition date. The DGT ruled that the issuance of these shares does not constitute taxable income and that their acquisition value is determined by allocating the total cost across all shares.

The question raised

Acquisition date of the transferred shares.

The DGT's ruling

The issuance of fully paid-up bonus shares is not considered income from movable capital. For future transfers, the acquisition value shall be the result of dividing the total cost by the number of shares, including both the original and the bonus shares. The acquisition date of the fully paid-up bonus shares shall be the same as that of the shares from which they originate.

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