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Form 100. Personal Income Tax Declaration 2021

Allocation to 2021 of capital gains and losses derived from transfers made in previous years

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 operations or with a deferred price, the taxpayer may choose to proportionally allocate the income obtained in such operations, as the corresponding charges become payable.

    The capital gains or losses pending allocation for installment operations from previous years, whose collection has occurred, totally or partially in the current year, will be recorded depending on the collections that have occurred or are due in this year.

  • Deferred integration of certain repurchase losses

    If a transfer causes capital losses and the transferred assets (or homogeneous values) have been acquired again in the terms and conditions s provided for in the 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).