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V0252-22 ·14 February 2022 ·consulta-vinculante Medium impact
Tax

Income tax reduction for protected assets contributions cannot be applied if there is an obligation to repay

A query was raised regarding whether two persons with disabilities could apply for an income tax (IRPF) reduction for contributions made to their respective protected assets. The Directorate General for Taxes (DGT) ruled that this is not possible because contributions must be made as gifts; in this instance, a commitment to repay the funds exists.

In 5 key points

How it affects those involved

This ruling clarifies that the tax benefit for contributions to protected assets is strictly reserved for non-repayable gifts, excluding any arrangements involving a repayment obligation.

Lifecycle

2022-02-14PublishedPublished 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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