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Securities portfolio

4.3. FULLY RELEASED SHARES

At the time of delivery, no capital gain or loss is produced, but rather this is deferred to the time the shares are transferred. Their acquisition value for the purposes of future transfers will result from dividing the total cost of the shares from which they come by the number of titles, both the old ones and the released ones that are received, and their age will be that which corresponds to the actions from which they come.

AL operation type

Transaction date the date of delivery of the fully paid-up shares

Market key according to the operation carried out:

  • 1. Spanish official secondary securities market

  • 2. Official secondary market for European foreign securities

  • 3. Official secondary market for non-European foreign securities.

Number of titles

Nominal value of the securities for the delivery of fully paid-up shares.

Bills

In the case of partially released shares, if there is an acquisition of shares (AD), with a value and acquisition date different from those from which they come, their acquisition value for the purposes of future transfers will be the one actually paid at the time of delivery. , and its acquisition date is the date of delivery of the titles. Therefore, in these cases, an acquisition (AD) must be completed and not a delivery of released shares.

In the event that rights have been acquired to subscribe for any share, these shares will be declared as Acquisition/Subscription (AD). If you choose not to subscribe the shares and receive the dividend in cash, it is not included in the Securities Portfolio and must be declared in Renta Web.

Example:
  
We have 120 shares of entity X.

For each share we are assigned one right, so we will have 120 rights.

For every 100 rights, one new fully paid-up share is assigned.

The price of a right on the market is 0.1 euros.

We decided to use all our rights to subscribe for shares, without selling any rights.
 
Therefore:
 
We will receive, using 100 rights, 1 share that will be declared as a fully paid-up Share (AL), the amount of which will be 0 euros and the acquisition date of this share will be that of the pre-existing shares from which it is derived.

In order to use the remaining 20 rights, 80 rights will be acquired on the market for an amount of 8 euros (80 * 0.1). In this way, a share will be subscribed with the 100 rights (20 + 80), which must be declared as a Acquisition/Subscription (AD) whose amount will be 8 euros and the acquisition date will be the date of subscription of this new share.