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V1806-22 ·29 July 2022 ·consulta-vinculante Medium impact
Tax

Free transfer of life insurance policyholder status may trigger capital gains tax

An individual transferred the status of policyholder of a unit-linked life insurance policy to their son free of charge. The Directorate General for Taxes (DGT) has ruled that this operation constitutes a transfer for consideration, which may generate a capital gain for the transferor under Personal Income Tax (IRPF).

In 6 key points

How it affects those involved

This ruling clarifies that transferring policyholder rights without payment is treated as a taxable event, potentially creating tax liabilities for the original policyholder.

Lifecycle

2022-07-29PublishedPublished 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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