Skip to content
V0588-25 ·1 April 2025 ·consulta-vinculante Medium impact
Tax

Insurance compensation for damage or destruction may not create profit or loss

A taxpayer asks how to tax insurance compensation after a flood in their non-residential property. The DGT explains that taxation depends on whether the compensation covers repair costs or involves the destruction of assets.

In 6 key points

Lifecycle

2025-04-01PublishedPublished 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