ICONOS FINALES-TRAZADOS

If you have shares that are quoted...

Translation generated by AI. Access the original version

In some cases, you may be interested in selling them before the end of the year.

If you have shares that are quoted...

Quotation below

If during the current year you have transferred any asset and this has resulted in a capital gain for which you will have to pay taxes in your Personal Income Tax Return, sell shares that are quoted below their acquisition value:

  • The sale will generate a capital loss that you can offset with the gain obtained from the sale of other assets, allowing you to make significant savings in your Personal Income Tax Return.
  • However, you will not be able to repurchase shares of that same company between the two months prior and the two months following the transfer.

Quotation above

If you have pending losses to offset from previous years, you have four years to offset them. Therefore, if in 2025 said period is about to end and you have shares that have appreciated, sell them before December 31st:

  • With this sale, you will generate a gain that can offset the losses (thus avoiding the expiration of the offset period and the loss of your right to do so).
  • You can repurchase the shares the next day: in case of a sale with gains, the two-month rule does not apply.
  • This operation will not reduce your Personal Income Tax for 2025. However, it will allow you to save money in the future: repurchasing the shares will result in a higher acquisition value, so if you sell them later, the gain in the Personal Income Tax will be lower.

technical supplement

MEMENTO Marginals

LEFEBVRE Articles

Note: The LEFEBVRE articles are based on the current regulations at the time of their publication.

  • ArticleSell your shares before the end of the year, published in Notes & Tax Advice on November 6, 2025. Clickhere to access its content.
  • If you are not a subscriber to Notes & Tax Advice, clickhere  to access the referenced article in PDF format.
  • ArticleHow are share sales taxed?, published in FiscalPro on May 2, 2019. Clickhere to access its content.
  • If you are not a subscriber to FiscalPro, clickhere  to access the referenced article in PDF format.

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