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V0981-20 ·21 April 2020 ·consulta-vinculante Medium impact
Tax

Death benefits are exempt from Personal Income Tax up to the limit of the funeral expenses incurred

A query is made regarding the tax treatment of benefits received upon death from a mutual insurance company and the calculation of capital gains on real estate. The Tax Agency responds that death benefits are exempt up to the amount covering burial expenses and that compensation for occupational accidents constitutes income from employment.

In 6 key points

Lifecycle

2020-04-21PublishedPublished 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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