MEDIUM
FISCAL

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

V0193-25

Prepared and reviewed by the BMC editorial team  ·  Methodology

Technical details

Type
consulta-vinculante (what is this?)
Identifier
V0193-25
Published
19 Feb 2025

Summary

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.

In 6 key points

Lifecycle

2025-02-19PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.
PDF on boe.es

Does this provision affect you?

The fiscal team reviews your specific situation.

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