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A taxpayer inquired whether compensation paid to a lender for economic rights or dividends on shares taken under a securities lending arrangement can be included in the calculation of capital gains or losses. The Directorate General for Taxes (DGT) ruled that these amounts cannot form part of the acquisition or transfer values, nor can they be deducted as expenses.
Cuestión planteada 1º) Si a efectos del Impuesto sobre la Renta de las Personas Físicas para calcular las ganancias o pérdidas patrimoniales obtenidas en las operaciones de venta y posterior recompra de las acciones tomadas en préstamo, efectuadas por el consultante, pueden computarse los importes pagados como compensación al prestamista por distribuciones o derechos de suscripción derivados de dichas acciones.
Las compensaciones por derechos económicos no son gastos inherentes a la transmisión o adquisición de las acciones, ya que su causa es el préstamo y no la compra o venta. Tampoco tienen la consideración de gastos deducibles de los rendimientos del capital mobiliario. Finalmente, al ser un mayor coste de financiación, no pueden computarse como pérdida patrimonial.
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