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V1574-18 ·7 June 2018 ·consulta-vinculante Medium impact
Tax

Floor clause refunds and compensatory interest are not included in the tax base

The taxpayer inquired how to regularise the refund of €556.21 resulting from a floor clause after having applied the deduction for investment in the main residence. The DGT ruled that the refunded amount is not taxable, although the deduction must be regularised if the previous payments were included in the tax base.

In 6 key points

How it affects those involved

The ruling clarifies that floor clause refunds do not constitute taxable income, but taxpayers must adjust their previous tax deductions if those payments had previously reduced their tax liability.

Lifecycle

2018-06-07PublishedPublished 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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