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V0068-21 ·22 January 2021 ·consulta-vinculante Medium impact
Tax

No income from movable capital is imputed for unit-linked insurance if the taxpayer is neither the policyholder nor the beneficiary

A taxpayer inquired about the tax implications for their Personal Income Tax (IRPF) regarding a unit-linked life insurance contract involving financial instruments. The Directorate General for Taxes (DGT) ruled that, as the taxpayer is neither the policyholder nor the beneficiary of the insurance, they do not derive income from movable capital from this transaction.

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2021-01-22PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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