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V1216-18 ·10 May 2018 ·consulta-vinculante Medium impact
Tax

Refunds for floor clauses are not subject to Income Tax but require regularising previous deductions

A query was made regarding the tax treatment of amounts refunded by a bank following the nullity of a floor clause. The DGT ruled that the amount received and its interest do not form part of the taxable base, although any loss of deductions for investment in the main residence must be regularised if they were incorrectly applied.

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2018-05-10PublishedPublished 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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