Skip to content
V0115-19 ·17 January 2019 ·consulta-vinculante Medium impact
Tax

A €6,000 prize redeemable for products is classified as a capital gain in kind

A trade association has requested clarification on whether a €6,000 prize, redeemable for purchases at associated establishments, constitutes income in kind or cash income. The Directorate General for Taxes (DGT) has ruled that it is a capital gain in kind, as the prize represents a right redeemable for goods or services rather than cash.

In 6 key points

Lifecycle

2019-01-17PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

Does this provision affect you?

The tax team reviews your specific situation.

Talk to the tax team
This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
Email
Contact