Allocation of capital gains and losses incurred in financial years prior to 2024

Regulations: Articles 45 and 46 Law IRPF

The allocation of capital gains or losses incurred in fiscal years prior to 2024 will be carried over to the current fiscal 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 generation period of the capital gain or loss produced in previous years by installment or deferred payment transactions whose collection occurs, in whole or in part, in the 2024 fiscal year, the imputation is made to the savings tax 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.