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V0605-17 ·9 March 2017 ·consulta-vinculante Medium impact
Tax

No capital gains tax applies if compensation for material damage is used entirely for repairs

A query was raised regarding whether compensation for material damage to property, following a liability claim, is taxable as a capital gain. The DGT ruled that if the amount received is used to cover the cost of repairs, no capital gain or loss arises.

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2017-03-09PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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