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V1520-24 ·20 June 2024 ·consulta-vinculante Medium impact
Tax

Loans to financial institution employees with below-market interest rates constitute benefits in kind

A credit institution employee inquired whether a mortgage loan with preferential conditions constitutes a benefit in kind. The DGT ruled that it does and must be valued based on the price offered to the general public.

In 5 key points

How it affects those involved

This ruling clarifies that preferential interest rates granted to employees of financial entities are taxable benefits in kind, requiring valuation against standard market rates.

Lifecycle

2024-06-20PublishedPublished 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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