If you own shares that are listed...

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 listed below their acquisition value:

• The sale will generate a capital loss that can be offset against the gain obtained from the sale of other assets, allowing you to achieve 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 the deadline is approaching and you have shares that have appreciated in value, 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 losing the right to do so).
• You can repurchase the shares the next day: in the case of a sale with gains, the two-month rule does not apply.
• This transaction will not reduce your Personal Income Tax Return 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 on, the gain in the Personal Income Tax Return will be lower.

 

Our professionals will analyze if, in your case, it is advisable to sell shares to reduce the cost of your Personal Income Tax Return for 2025.