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V1904-20 ·11 June 2020 ·consulta-vinculante Medium impact
Tax

Determination of returns on movable capital in life insurance

A query was raised regarding the taxation of capital received upon the maturity of a life insurance contract where the taxpayer is both the policyholder and the beneficiary. The DGT indicates that the return is the difference between the capital received and the premiums paid, allowing for the deduction of the portion of premiums corresponding to the sum at risk.

In 6 key points

Lifecycle

2020-06-11PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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