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V1299-18 ·17 May 2018 ·consulta-vinculante Medium impact
Tax

Death benefits from a mutual society are taxed as employment income for IRPF purposes

An heir inquired whether the amount to be received from the Notarial Mutual Society should be taxed under Personal Income Tax (IRPF) or Inheritance and Gift Tax. The Directorate General for Tax (DGT) has ruled that it is subject to IRPF as employment income.

In 5 key points

How it affects those involved

This ruling clarifies the tax treatment of specific mutual society benefits, confirming they are classified as employment income rather than inheritance, which may result in a different tax burden for beneficiaries.

Lifecycle

2018-05-17PublishedPublished 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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