For the income tax return of the year 2014, the gains and losses of assets arising from conveyances with vesting period equal or lower to a year, were included in the general tax base, whereas such gains and losses with a vesting period of more than a year were included in the tax base of savings.
The applicable legislation regarding the obtaining of the income tax return for natural persons (IRPF) has eliminated such difference between long term and short term. This means that from 01.01.2015, all gains and losses of assets arising from conveyances shall be included in the tax base of savings.
Taxation on the tax base of savings
The capital gains generated by the purchase-sales of assets shall be taxed as part of the tax base of savings of the scheme for IPRF; independently of the vesting period.
In this way, from 2015 onwards, all capital gains shall tax the same percentage that corresponds to the tax base for savings: