The 30% reduction cannot be applied to a lump-sum payment from a collective insurance policy

A retiree inquired whether the reduction provided in Article 18 of the Personal Income Tax Law (LIRPF) could be applied to a lump-sum payment received from a collective insurance policy. The DGT responds that, as it constitutes income provided for in Article 17.2.a) 5th of the LIRPF, it is excluded from said reduction.

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