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V1445-21 ·18 May 2021 ·consulta-vinculante Medium impact
Tax

Debt cancellation via insurance following a spouse's death constitutes a capital gain

A taxpayer inquired whether they must pay Personal Income Tax (IRPF) on a loan debt that an insurance policy settled with the bank following her husband's death. The Directorate General of Taxes (DGT) ruled that the discharge of the debt constitutes a capital gain.

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2021-05-18PublishedPublished 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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