Doctrine by topic · DGT Observatory

Insolvency Proceedings: DGT doctrinal evolution

How the DGT's position on this topic has evolved, and the rulings it rests on.

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How the DGT's position has evolved

Refined position High confidence 53 rulings · 2015–2026

Current position

The judicial dissolution of a company generates a capital loss for the shareholder based on the difference between the acquisition value of the shares and their liquidation quota. This loss is imputed to the tax period in which the change in assets occurs, coinciding with the year of the judicial order of dissolution. Said loss is included in the savings tax base.

The DGT's position has shifted from treating capital losses resulting from non-payment or debt forgiveness in insolvency proceedings as general income, to treating losses from company dissolution as a loss in the savings tax base. Initially, the focus was on the uncollectibility of the credit or the effectiveness of the debt forgiveness, whereas more recent rulings focus on the liquidation of the company and the change in the assets of the shares.

Turning points

  1. V0063-26

    The treatment of the loss changes from the general tax base to the savings tax base by addressing the dissolution of the company and the difference between the acquisition value and the liquidation quota.

Analysis based on 52 of 53 rulings with a stated position. Updated 15 September 2026.

Rulings on this topic

24
V1602-26 17 Jun 2026

Loss in personal income tax upon judicial dissolution of a company in insolvency

SG de Impuestos sobre la Renta de las Personas Físicas
pérdida patrimonialextinción de sociedadconcurso de acreedorescuota de liquidaciónbase imponible del ahorro LIRPF — Ley 35/2006 del IRPF art. 14.1.cLIRPF — Ley 35/2006 del IRPF art. 33.1
Affects CompanyExpat · Non-residentIndividual
V0438-26 27 Feb 2026

A loss can be recognised upon the dissolution of a society in bankruptcy

SG de Impuestos sobre la Renta de las Personas Físicas
ganancias y pérdidas patrimonialescuota de liquidaciónconcurso de acreedoresextinción de sociedadalteración patrimonial LIRPF — Ley 35/2006 del IRPF art. 33LIRPF — Ley 35/2006 del IRPF art. 37.1.e
Affects CompanyExpat · Non-residentIndividual
V2420-25 11 Dec 2025

Loss of capital can be attributed to judicial dissolution

SG de Impuestos sobre la Renta de las Personas Físicas
pérdida patrimonialextinción de sociedadcuota de liquidaciónalteración patrimonialbase imponible del ahorro LIRPF — Ley 35/2006 del IRPF art. 14.1.cLIRPF — Ley 35/2006 del IRPF art. 33
Affects CompanyExpat · Non-residentIndividual
V1232-25 4 Jul 2025

Loss of capital can be attributed to judicial dissolution

SG de Impuestos sobre la Renta de las Personas Físicas
pérdida patrimonialextinción de sociedadcuota de liquidaciónalteración patrimonialbase imponible del ahorro LIRPF — Ley 35/2006 del IRPF art. 14.1.cLIRPF — Ley 35/2006 del IRPF art. 33
Affects CompanyExpat · Non-residentIndividual
V1839-24 1 Aug 2024

IRPF: hereditary loss from Afinsa debt imputable to 2023 tax year

SG de Impuestos sobre la Renta de las Personas Físicas
pérdida patrimonialcrédito incobrableconcurso de acreedoresimputación temporalbase general IRPF LIRPF — Ley 35/2006 del IRPF art. 14.2.kLIRPF — Ley 35/2006 del IRPF art. 33.1
Affects CompanyExpat · Non-residentIndividual
V1171-24 23 May 2024

Losses can be recognised as patrimonial losses after creditor proceedings end

SG de Impuestos sobre la Renta de las Personas Físicas
pérdidas patrimonialescrédito ordinariocrédito subordinadoconcurso de acreedoresimputación temporal LIRPF — Ley 35/2006 del IRPF art. 14.2.kLIRPF — Ley 35/2006 del IRPF art. 33.1
Affects CompanyExpat · Non-residentIndividual
V2119-23 19 Jul 2023

No automatic loss of capital on credit default unless IRPF law conditions met

SG de Impuestos sobre la Renta de las Personas Físicas
pérdida patrimonialderecho de créditoconcurso de acreedoresimputación temporalbase imponible general LIRPF — Ley 35/2006 del IRPF art. 14.2.kLIRPF — Ley 35/2006 del IRPF art. 33.1
Affects CompanyExpat · Non-residentIndividual

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