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V0285-19 ·13 February 2019 ·consulta-vinculante Medium impact
Tax

Refund due to multi-currency clause nullity is not income, but interest and legal costs are taxable

A taxpayer receives a refund of overpaid amounts plus interest and legal costs following the nullification of a multi-currency clause. The Tax Agency has determined that the principal amount does not constitute income, whereas statutory interest and legal costs are classified as capital gains.

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2019-02-13PublishedPublished 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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