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V0907-17 ·11 April 2017 ·consulta-vinculante Medium impact
Tax

Insurance compensation for livestock death is taxed as a capital gain or loss

A livestock farmer has enquired about the tax treatment of insurance compensation received following the death of productive cows. The Directorate General for Taxes (DGT) has ruled that such compensation does not constitute net income from business activity, but is instead treated as a capital gain or loss.

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2017-04-11PublishedPublished 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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