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V0946-22 ·29 April 2022 ·consulta-vinculante Medium impact
Tax

Life and funeral insurance premiums are not deductible from business net income

A professional using the direct estimation method has enquired whether life and funeral insurance premiums are tax-deductible. The DGT has ruled that only health insurance premiums are deductible, subject to certain limits.

In 6 key points

How it affects those involved

This ruling clarifies that life and funeral insurance premiums cannot be treated as business expenses for tax purposes under the direct estimation method, limiting deductions strictly to health insurance within statutory thresholds.

Lifecycle

2022-04-29PublishedPublished 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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