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Form 100. 2020 Personal Income Tax Return Declaration

8.2.6.2.6.Allocation in 2020 of capital gains and losses arising from transfers made in previous years

Allocation of capital gains and losses from previous years to 2020

The following capital gains and losses produced in previous years will be included in this section:

  • Capital gains or losses pending allocation from installment transactions

    In the case of installment transactions or with deferred price, the taxpayer may choose to proportionally allocate the income obtained in such operations, as the corresponding charges become due.

    In the corresponding heading of this section, the capital gains or losses pending allocation for installment operations from previous years, whose collection has occurred, in whole or in part, in the current year, will be recorded.

  • Deferred integration of certain repurchase losses

    If a transfer causes capital losses and the transferred assets (or homogeneous values) have been acquired again within the terms and conditions provided for in article 33.5 , letters e), f) and g) of the Tax Law, the capital loss cannot be computed until the subsequent definitive transfer of the reacquired assets (or homogeneous values) occurs.

    When this regime is applicable, this section will include the capital losses that must be included in the current year due to the definitive transfer of the reacquired assets (or homogeneous values).

    This integration of losses from previous years is independent of the taxation that corresponds to the gain or loss arising as a consequence of the transfer of the reacquired assets (or homogeneous values).

Completion

Amount of capital gain or loss

  • Capital gains or losses pending allocation from installment transactions

    The part of the amount of the capital gain or loss attributable to the current year will be recorded based on the collections that have occurred or are payable in this year.

  • Deferred integration of certain repurchase losses

    The capital losses that must be integrated in the current financial year will be recorded due to the definitive transfer of the reacquired capital elements or homogeneous values having occurred in this year.