Skip to content
MEDIUM
FISCAL

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

V0588-25

Prepared and reviewed by the BMC editorial team  ·  Methodology

Technical details

Type
consulta-vinculante (what is this?)
Identifier
V0588-25
Published
1 Apr 2025

Summary

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 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