Doctrine by topic · DGT Observatory

Capital Losses: 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

Stable position High confidence 52 rulings · 2016–2026

Current position

Capital losses can be offset against savings income in the same tax period. In cases of catastrophes, public aid and insurance are considered exempt aid if they do not exceed the damage caused, allowing the negative difference to be integrated if the aid is less than the loss. Losses from uncollected credits are imputed after the conclusion of insolvency proceedings without satisfaction of the credit. Those with income and gains limited to 1,000 euros and losses of less than 500 euros are not required to file a tax return.

The DGT's position is heterogeneous because the rulings address different scenarios without a single doctrinal line. Consistency is observed in the treatment of the repurchase of securities to avoid the computation of losses and in the exemption of aid for catastrophes. There is no evolution from one criterion to another, but rather an application of the rule to diverse scenarios such as overdue credits or flood aid.

Turning points

  1. V2778-20

    Establishes that losses from the transfer of securities are not computed if there is a repurchase of homogeneous securities within two months, allowing their subsequent integration through definitive transfers.

  2. V1552-23

    Determines that losses from overdue credits are imputed after the conclusion of insolvency proceedings without satisfaction of the credit.

Analysis based on 50 of 52 rulings with a stated position. Updated 18 September 2026.

Rulings on this topic

24
V2610-25 23 Dec 2025

Losses not inheritable or compensable from deceased

SG de Impuestos sobre la Renta de las Personas Físicas
pérdidas patrimonialesbase imponible generaltransmisión mortis causacompensación de pérdidasrenta del ahorro LIRPF — Ley 35/2006 del IRPF art. 11LIRPF — Ley 35/2006 del IRPF art. 45
Affects CompanyExpat · Non-residentIndividual
V2234-25 24 Nov 2025

Investment fund holdings replicating the same index are not homogeneous

SG de Tributación de las Operaciones Financieras
valores homogéneospérdidas patrimonialesfondos de inversióníndice de referenciatransmisión de valores LIRPF — Ley 35/2006 del IRPF art. 33.5.fLIRPF — Ley 35/2006 del IRPF art. 33.5.g
Affects CompanyExpat · Non-residentIndividual
V2133-25 11 Nov 2025

Absorbed company shares not considered homogeneous

SG de Impuestos sobre la Renta de las Personas Físicas
valores homogéneospérdidas patrimonialesfusiónsociedad absorbidasociedad absorbente LIRPF — Ley 35/2006 del IRPF art. 33.5.fLIRPF — Ley 35/2006 del IRPF art. 33.5.g
Affects CompanyExpat · Non-residentIndividual
V1863-25 14 Oct 2025

Losses from a deceased relative cannot be offset by heirs in personal income tax

SG de Impuestos sobre la Renta de las Personas Físicas
pérdidas patrimonialesbase imponible del ahorrobase imponible generalcompensación de pérdidastitularidad de bienes LIRPF — Ley 35/2006 del IRPF art. 11.5LIRPF — Ley 35/2006 del IRPF art. 46
Affects CompanyExpat · Non-residentIndividual
V1242-25 7 Jul 2025

DANA damage aid in Valencia exempt from IRPF taxation

SG de Impuestos sobre la Renta de las Personas Físicas
base imponibleayudas públicaspérdidas patrimonialesrentas positivaselementos patrimoniales LIRPF — Ley 35/2006 del IRPF art. disposición adicional quintaLGT — Ley 58/2003 General Tributaria art. 89
Affects CompanyExpat · Non-residentIndividual
V0746-25 28 Apr 2025

Insurance payout treated as patrimonial gain, not capital income

SG de Tributación de las Operaciones Financieras
ganancia patrimonialseguro de enfermedadrendimientos del capital mobiliarioimputación temporalpérdidas patrimoniales LIRPF — Ley 35/2006 del IRPF art. 14.1.cLIRPF — Ley 35/2006 del IRPF art. 14.2.a
Affects CompanyExpat · Non-residentIndividual
V1607-24 3 Jul 2024

Minimum for descendants not applicable if child earns above 1,800 euros

SG de Impuestos sobre la Renta de las Personas Físicas
mínimo por descendientesganancias patrimonialespérdidas patrimonialescriptomonedasrenta del ahorro LIRPF — Ley 35/2006 del IRPF art. 2LIRPF — 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
V0635-24 11 Apr 2024

Legal and solicitor fees for appealing a denied grant are not tax-deductible

SG de Impuestos sobre la Renta de las Personas Físicas
ganancias y pérdidas patrimonialesgastos de consumorecurso contencioso-administrativorendimientospérdidas patrimoniales LIRPF — Ley 35/2006 del IRPF art. 33.1LGT — Ley 58/2003 General Tributaria art. 89.1
Affects CompanyExpat · Non-residentIndividual
V2741-23 9 Oct 2023

Losses on uncollected credits can be claimed after insolvency procedure ends

SG de Impuestos sobre la Renta de las Personas Físicas
pérdidas patrimonialescréditos no cobradosprocedimiento concursalimputación 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
V1968-23 6 Jul 2023

Losses can be recognised on unsecured credits after insolvency procedure ends

SG de Impuestos sobre la Renta de las Personas Físicas
pérdidas patrimonialescréditos no cobradosprocedimiento concursalimputación 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
V1552-23 6 Jun 2023

Losses on unpaid Forum Philatelic credits can be claimed in 2022 tax return

SG de Impuestos sobre la Renta de las Personas Físicas
pérdidas patrimonialescrédito vencidoprocedimiento concursalimputación 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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