Regulations: Art. 33.1 and 2 Law Personal Income Tax
In accordance with article 33.1 of the Personal Income Tax Law capital gains and losses are the variations in the value of the taxpayer's assets that become evident on the occasion of any alteration in its composition. , unless by this Law they are classified as income.
From this definition it can be concluded that, for a capital gain or loss to occur, the following requirements must be met, which we will now analyze: