4.6. GIVES CAPITAL REDUCTION WITH RETURN OF CONTRIBUTIONS
When the purpose of the capital reduction is the return of contributions to the partners, the amount of the return or the normal market value of the assets or rights received, if received in kind, reduces the acquisition value of the affected securities. taking into account that those acquired in the first place are considered affected until their cancellation and if the amount of the return exceeds that value, the excess is taxed as income from movable capital.
When the capital reduction comes from undistributed profits, the aforementioned calculation rule does not apply, but rather the entire amounts received for this concept will be taxed as income from movable capital, in the form of dividends.
If the capital reduction corresponds to the distribution of undistributed profits, do not record this operation in the Securities Portfolio and declare the income from movable capital in Renta Web.
Capital reductions, whatever their purpose, are considered to first affect the part of the share capital that does not come from retained earnings, until they are cancelled. This implies that, in each capital reduction operation, the share capital that does not come from capitalized reserves is first consumed, and once the amount returned exceeds said figure, the total amounts distributed via capital reduction will correspond to capitalized benefits.
DA operation type.
Date of the operation of transfer of rights.
Market key according to the operation carried out:
Amount of the operation.
Nominal titles.
Bills.