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V1976-22 ·16 September 2022 ·consulta-vinculante Medium impact
Tax

Receiving an interest-free loan from an individual does not constitute income for Personal Income Tax purposes

A taxpayer inquired whether money received via an interest-free loan from an individual to settle a mortgage must be declared in their Personal Income Tax (IRPF) return. The Directorate General for Taxes (DGT) ruled that receiving a loan does not constitute the acquisition of income.

In 5 key points

How it affects those involved

This clarification confirms that interest-free loans between individuals are not subject to income tax, provided they are not disguised gifts.

Lifecycle

2022-09-16PublishedPublished 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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