Skip to content
V1902-14 ·15 July 2014 ·consulta-vinculante Medium impact
Tax

Interest on housing contribution refunds and insurer late payments taxed as capital gains

A taxpayer received interest following the refund of contributions to a housing cooperative and interest due to late payment by an insurer. The DGT has ruled that this interest is compensatory in nature and must be taxed as capital gains rather than income from movable capital.

In 6 key points

How it affects those involved

This ruling clarifies the tax treatment of compensatory interest, ensuring it is categorised under the savings tax base as capital gains instead of being treated as investment income.

Lifecycle

2014-07-15PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

Does this provision affect you?

The tax team reviews your specific situation.

Talk to the tax team
This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
Email
Contact