Skip to content
V1014-21 ·20 April 2021 ·consulta-vinculante Medium impact
Tax

Mortgage debt cancellation via life insurance may result in capital gains

An individual has enquired whether the partial cancellation of a mortgage loan, following the death of their domestic partner and the subsequent payout of a life insurance policy by the bank, has tax implications. The DGT explains that this may constitute a capital gain depending on the portion of the debt being cancelled.

In 6 key points

Lifecycle

2021-04-20PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

Does this provision affect you?

The tax team reviews your specific situation.

Talk to the tax team
This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
Email
Contact