Example: sale of fully or partially paid-up shares
Mr. CLS On 5 March 2001, it acquired 900 shares in the publicly traded company YY for 10 euros per share.
On May 11, 2007, YY company distributed dividends through the delivery of fully paid-up shares. Mr. CLS receives 600 shares.
On 14 September 2011, another 500 partially paid-up shares were delivered, for which a payment of 3,500 euros (5 euros per share) was made.
On October 15, 2023 Mr. CLS sells 1,600 shares for 16,000 euros (10 euros per share).
Solution:
1. Purchase value of fully paid shares .
The fully paid-up shares received on 11 May 2007 are added to the shares acquired on 5 March 2001 (900 + 600 = 1,500 shares) and the total cost (9,000 euros + 0 euros for the paid-up shares = 9,000 euros) is distributed among the number of shares (1,500), determining an acquisition value of 6 euros per share (9,000/1,500), with the acquisition date of the fully paid-up shares received being considered as the date corresponding to the shares from which they originate (5 March 2001).
| Information | Shares acquired on 05-03-2001 | Free shares | Total |
|---|---|---|---|
| Number of actions | 900 | 600 | 1,500 |
| Acquisition cost | 9.000 | 0 | 9.000 |
| Purchase value/share (€9,000 ÷ 1,500 shares) | 6 | ||
2. Purchase value of partially paid-up shares .
The acquisition value of the same will be the amount actually paid by the taxpayer. In this case 2,500 euros (2,500 euros ÷ 500 shares = 5 euros/per share).
3. Determination of the total capital gain or loss :
| Information | Acquired on 05-03-2001 | Acquired on 09-14-2011 |
|---|---|---|
| Number of shares sold (1,600) | 1,500 cc.(*) | 100 ccs.(*) |
| Transfer value (10 euros per share) | 15,000 | 1,000 |
| Cost price | 9.000 | 500 |
| Capital gains | 6,000 | 500 |
(*) Of the transfer of the 1,600 shares, 1,500 correspond to those acquired on 03-05-2001 (which include the 600 fully paid-up shares) and 100 to those acquired partially paid-up on 09-14-2011. (Back)