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Securities portfolio

4.4. VD SALE OF SUBSCRIPTION ERDS BEFORE 2017

The amount obtained in the transfer of subscription rights derived from shares and participations listed before 01/01/2017 does not constitute capital gain or return on movable capital, but rather said amount will reduce the acquisition value of the shares from which they come. for the purposes of future transmissions thereof. However, if the amount obtained in the transfer of the subscription rights becomes greater than the acquisition value of the securities from which such rights come, the difference is considered a capital gain for the transferor that must be allocated to the tax period. in which the transmission occurs.

As of 01/01/2017, the entire amount obtained from the sale of subscription rights is equity gain subject to withholding that is directly integrated into Renta Web.

Important: The sale of subscription rights should only be recorded when it is prior to January 1, 2017. Therefore, only those titles of which the taxpayer is the owner on January 1, 2018 will be recorded, with respect to which it is necessary to record the previous operations manually.

VD operation type

Date of the operation of transfer of rights

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

Transaction amount

Nominal titles

Bills