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V0613-26 ·17 March 2026 ·consulta-vinculante Medium impact
Tax

Life insurance payout taxed under Inheritance and Gifts Tax if policyholder differs from beneficiary

A life insurance beneficiary receives a payment for absolute permanent disability, with the policyholder being their spouse. The DGT rules that since the policyholder and beneficiary are different, the amount is subject to Inheritance and Gifts Tax.

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2026-03-17PublishedPublished 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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