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V0666-24 ·15 April 2024 ·consulta-vinculante Medium impact
Tax

Refunds due to invalid multi-currency clauses are non-taxable, but interest and legal costs are

A taxpayer inquired about the tax treatment of amounts received following a court ruling that invalidated the multi-currency clause in their mortgage. The Directorate General for Taxes (DGT) ruled that the principal amount refunded is not considered income; however, statutory interest is treated as general income, and legal costs may constitute a capital gain after deducting incurred expenses.

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2024-04-15PublishedPublished 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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