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V0723-25 ·16 April 2025 ·consulta-vinculante Low impact
Tax

Reimbursement for invalid multi-currency clause is not income, interest is capital gain

A taxpayer asks about the tax treatment of amounts refunded by a bank after the invalidity of a multi-currency clause in a mortgage. The DGT states that the repayment of overpaid amounts is not income, but legal interest is considered capital gain, and costs may not generate profit if offset against incurred expenses.

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2025-04-16PublishedPublished 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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