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V1674-23 ·13 June 2023 ·consulta-vinculante Medium impact
Tax

The sale of an insurance agent's client portfolio is subject to VAT at 21% and generates a capital gain or loss for Personal Income Tax purposes

An insurance agent inquires about the taxation of the transfer of their client portfolio following retirement. The DGT determines that the transaction is subject to VAT at the general rate and that the sale constitutes a capital gain or loss for Personal Income Tax purposes.

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Lifecycle

2023-06-13PublishedPublished 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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