4.3. FULLY RELEASED SHARES
At the time of delivery, no capital gain or loss occurs, but rather this is deferred until the time at which the shares are transferred. Their acquisition value for the purposes of future transfers will result from dividing the total cost of the shares from which they come by the number of titles, both old and released, that are received, and their seniority will be that corresponding to the shares from which they come.
Type of operation AL
Transaction date the date of delivery of the fully paid shares
Market key according to the operation carried out:
Number of titles
Nominal value of the securities for the delivery of fully paid shares.
Bills
In the case of partially paid-up shares, if there is an acquisition of shares (AD), with a value and acquisition date different from those from which they originate, their acquisition value for the purposes of future transfers will be the one actually paid at the time of delivery, and their acquisition date will be the date of delivery of the securities. Therefore, in these cases, an acquisition (AD) must be completed and not a delivery of free shares.
In the event that rights have been acquired to subscribe to any shares, these shares will be declared as Acquisition/Subscription (AD). If you choose not to subscribe to the shares and receive the dividend in cash, this is not included in the Securities Portfolio and must be declared in Renta Web.
Example:
We have 120 shares of entity X.
For each share we are assigned a right, so we will have 120 rights.
For every 100 rights, one new fully paid share is assigned.
The price of a right on the market is 0.1 euros.
We decided to use all our rights to subscribe for shares, without selling any rights.
Therefore:
We will receive, using 100 rights, 1 share that will be declared as a Fully Paid Share (AL), the amount of which will be 0 euros and the acquisition date of this share will be that of the pre-existing shares from which it is derived.
In order to use the remaining 20 rights, 80 rights will be acquired on the market for an amount of 8 euros (80 * 0.1). In this way, a share will be subscribed with the 100 rights (20 + 80), which must be declared as an Acquisition/Subscription (AD) whose amount will be 8 euros and the acquisition date will be the subscription date of this new share.