Skip to main content
Practical Income Manual 2020.

Specialties for change of residence to a country or territory considered a tax haven

When the change of residence occurs to a country or territory considered a tax haven and the taxpayer does not lose its status in accordance with article 8.2 of the Personal Income Tax Law the following will apply specialties :

  1. Capital gains will be attributed to the last tax period in which the taxpayer has his habitual residence in Spanish territory , and for their calculation the market value of the shares or participations on the date of accrual of said tax period.
  2. In the event that the shares or participations are transferred in a tax period in which the taxpayer maintains such condition , for the calculation of the capital gain or loss corresponding to the transfer, the value of acquisition the market value of the shares or participations that would have been taken into account to determine the capital gain provided for in this article.