Allocation of capital gains and losses produced in years prior to 2022

Regulations: Articles 45 and 46 Law IRPF

The allocation of capital gains or losses incurred in years prior to 2022 will be carried out in the current year in accordance with the following rules:

a) Gains and losses arising from transfers of assets made in installments or with deferred payment .

Regardless of the period of generation of the capital gain or loss produced in previous years by installment or deferred price transactions whose collection occurs, totally or partially, in the year 2022, the imputation is made to the taxable savings base. For this purpose, section F2 of the declaration must be completed.

b) Capital gains and losses not derived from transfers of assets.

The imputation to be made to the current fiscal year will be made in the general tax base, completing the boxes in section F1 of the declaration, as appropriate.

Examples of the aforementioned capital gains include prizes that are paid in instalments, as well as the aforementioned public aid that is subject to imputation in quarters in the tax period in which they are obtained and in the three following periods.