Treatment of the Call Spread options and the premiums associates to financial options in the Income Tax

Authors

  • Roberto Cores Ferradas Universidad de Lima

    Abogado por la Universidad de Lima. Master en Tributación Internacional por la Universidad de New York. Profesor de la
    Maestría en Tributación y Política Fiscal de la Universidad de Lima. Socio de la práctica tributaria de Ernst & Young en el Perú. Asociado activo del Instituto Peruano de Derecho Tributario (IPDT) y de la Asociación Fiscal Internacional (IFA) - Grupo Peruano.
  • Víctor Valdez Ramírez Universidad de Lima

    Abogado por la Universidad de Lima. Especialista en Instrumentos Financieros Derivados por el New York Institute of Finance - NYIF. Gerente de la práctica tributaria de Ernst & Young en el Perú. Asociado activo del Instituto Peruano de Derecho Tributario (IPDT) y de la Asociación Fiscal Internacional (IFA) - Grupo Peruano.

Keywords:

Derivatives, Call Spread Options, Financial Hybrid, Premiums, Option Contract, Income Tax

Abstract

In this article, the authors explain the type of treatment the Call Spread options should be given. They argue that these should be treated as a unique derivative and not as one compound by two independent elements. Likewise, they outline the premium as an inherent element in the determination of any gains or losses from the financial options that it is decided to adopt. As an important point, they claim that adopting one specific side about the treatment of the Call Spread options and the premium implies having a viewpoint about their determination in the Income Tax.

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Published

2016-02-07

How to Cite

Cores Ferradas, R., & Valdez Ramírez, V. (2016). Treatment of the Call Spread options and the premiums associates to financial options in the Income Tax. IUS ET VERITAS, 24(52), 46–65. Retrieved from https://revistas.pucp.edu.pe/index.php/iusetveritas/article/view/16370

Issue

No. 52 (2016)

Section

Artículos

License

Copyright (c) 2017 IUS ET VERITAS

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This work is licensed under a Creative Commons Attribution 4.0 International License.