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Practical Income Manual 2021.

1. Onerous transfers of securities admitted to trading on any of the regulated securities markets of the European Union

Regulations: Art. 37.1.a) Law Personal Income Tax  

  1. In general: onerous transfers of listed securities
  2. Example: sale of fully or partially paid-up shares
  3. Transfer of subscription rights
  4. Transfer of shares or participations acquired before December 31, 1994
  5. Special case: acquisition or transfer by the borrower of securities homogeneous to those borrowed
  6. Special case: payment of dividends through the delivery of fully paid-up shares