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V1737-21 ·4 June 2021 ·consulta-vinculante Medium impact
Tax

Transferring a client portfolio generates a capital gain or loss for Personal Income Tax purposes

An insurance broker has requested clarification on the tax treatment of receiving monthly payments for the transfer of their client portfolio upon retirement. The Directorate General for Taxes (DGT) indicates that the portfolio is an asset used for business purposes and its transfer generates a capital gain or loss.

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2021-06-04PublishedPublished 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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