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V0079-20 ·16 January 2020 ·consulta-vinculante Medium impact
Tax

Life insurance surrender is not income, but requires regularising the main residence tax deduction

A taxpayer received a partial refund of a life insurance premium after repaying part of their mortgage capital. The Tax Agency has ruled that while this refund does not constitute income, the taxpayer must repay the portion of the main residence tax deduction that was applied to that premium.

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2020-01-16PublishedPublished 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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