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V1180-25 ·1 July 2025 ·consulta-vinculante Low impact
Tax

Life insurance returns can offset negative capital gains and losses

The consultant asks whether negative capital gains and losses from 2020 can be offset by returns from the redemption of two life insurance policies in 2023. The DGT responds that life insurance returns are included in the savings tax base and can be offset against capital gains and losses under article 49 of the IRPF Law.

In 6 key points

Lifecycle

2025-07-01PublishedPublished 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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