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V0193-25 ·19 February 2025 ·consulta-vinculante Medium impact
Tax

The capital received from a life savings insurance policy is taxed as income from movable capital

A taxpayer inquires about the taxation of the capital from a life insurance policy contracted in 1996 upon its maturity in 2024. The DGT responds that the profit obtained constitutes income from movable capital and that the insurer must apply a withholding tax of 19 percent.

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Lifecycle

2025-02-19PublishedPublished 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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